Is MPC a good technology for blockchain privacy & security?

MPC can be a powerful technology for blockchain privacy and security. If implemented correctly, it can decentralize control over blockchain accounts and the process of performing sensitive calculations. However, MPC can provide a false sense of security if not designed and implemented securely.

What is a public blockchain?

A public blockchain is one that anyone can join and participate in, such as Bitcoin. Drawbacks might include substantial computational power required, little or no privacy for transactions, and weak security. These are important considerations for enterprise use cases of blockchain.

What is MPC & how does it work?

With MPC, only a single signature is generated, concealing the number and identities of the signers. MPC can be a powerful technology for blockchain privacy and security. If implemented correctly, it can decentralize control over blockchain accounts and the process of performing sensitive calculations.

How does blockchain work?

Instead of relying on a centralized organization to maintain a ledger tracking the history of the network, the blockchain uses a decentralized system to accomplish this task. A network of independent nodes is provided with incentives to play fairly in a system that doesn’t rely on any of them as a single point of failure.