Frequently Asked Questions
An MPC wallet uses Multi-Party Computation, a cryptographic technique, to split a private key among multiple parties. This allows secure signing of transactions without ever reconstructing the full key, enhancing security.
By distributing key shares across multiple devices or parties, MPC eliminates a single point of failure, making it harder for attackers to steal the private key or compromise the wallet.
Key components include cryptographic libraries (e.g., for threshold signatures), secure key generation, distributed key management, secure communication protocols, and integration with blockchain networks.
MPC wallets can be developed for blockchains like Bitcoin, Ethereum, and others that support cryptographic signatures, such as ECDSA or Schnorr, depending on the MPC protocol used.
Challenges include ensuring secure key distribution, managing latency in multi-party signing, handling network failures, ensuring compatibility with blockchain protocols, and maintaining user-friendly interfaces.
