“Because of the nature of the beast, [a crypto transfer is] an irreversible operation. I don’t need to steal the key; I just need to use it once and I get absolutely everything.”
Our CEO and co-founder, Professor Yehuda Lindell, broke down the security aspects of digital asset protection and custody last month, speaking in front of a large audience at our 2019 Crypto Breakfast.
In his talk, “Achieving Comprehensive Cryptocurrency (Digital Asset) Protection with MPC and Threshold ECDSA,” Prof. Lindell…
… explained the unique issues facing digital asset vs. fiat transactions, esp. vis-à-vis fraudulent transactions and backup keys
… explored the potential of multi-party computation (MPC) technology as a blockchain key management and digital asset protection platform – not only secure blockchain keys physically, but to prevent fraudulent key usage
… took a deep dive into threshold protocol and quorum authorization systems