July 19, 2024
When Multisig or Even MPC Alone Is Not Sufficient
Periodic hacks of crypto exchange, token issuers and other institutions show that multisig wallets may not protect against advanced threats. Multi-party computation (MPC) wallets face similar issues, as decentralized key protection alone is insufficient. Blockdaemon recommends a multi-layered defense, as used by the Blockdaemon Institutional Wallet, to maximize digital asset security while maintaining accessibility and operational efficiency.
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