What is MPC wallet?

The term “MPC” is an abbreviation for multi-party computation. It uses multi-party computation to deliver robust security and privacy. How Does the MPC Wallet Work?

What is a fireblocks MPC wallet?

Fireblocks Fireblocks is an institutional digital asset custodian that offers an MPC wallet with support for over 30 blockchain protocols and 1,100 tokens. With the combination of MPC technology with hardware isolation, Fireblocks’ institutional MPC wallet maximizes security and service level agreements (SLAs) while minimizing transaction costs.

What is a multiparty computation wallet?

Multiparty computation wallet is a cutting-edge technology with its own set of benefits and drawbacks. Rather than storing your private key as a one, single, whole entity, the MPC wallet divides it and shares it with other owners of the investment. Such approaches help attain security and flexibility in the long run.

What is a crypto wallet?

A crypto wallet, also known as a digital wallet, is a software program that stores private and public keys used to interact with a blockchain network and manage cryptocurrency. It allows users to send, receive, and store digital assets such as Bitcoin, Ethereum, and other cryptocurrencies.