Escrypto’s MPC Wallet Technology
When it comes to cryptocurrencies, or any other financial product for that matter, the central concern is data security — how do you stop people running off with your money? Cryptography has long been the answer, with scrambled data only able to be decoded if a user has the ‘key’ to the code. Needless to say, this ‘private key’ needs to be stored safely as anyone who has access to it can use it to transfer assets to their own account — or in the blockchain world, to their own crypto wallet. It’s in this area of private key security that MPC technology (Multi-Party Computation) has become one of the most effective tools around.