What is MPC Wallet?

What is MPC?

MPC, or Multi-Party Computation, is a cryptographic technique that allows multiple parties to securely collaborate on computations without revealing their private data to each other. It enables parties with different interests and data holdings to work together on a common goal while maintaining their individual data privacy.
At its core, MPC is designed to address the challenge of secure computation in scenarios where data is distributed across multiple parties, and each party wants to keep its data private. Traditional methods of data sharing and computation, such as data pooling or centralization, may not be suitable due to privacy concerns or legal restrictions. MPC provides a solution by allowing parties to perform computations on their respective private data without sharing the data itself.
The basic idea behind MPC is to use cryptographic techniques to transform the input data of each party into a form that can be securely processed by other parties' computers without revealing its original value. The transformed data, often referred to as "shares," are then used as inputs in the computation, and the outputs are securely combined to obtain the final result.
There are different approaches to MPC, but they typically involve multiple parties agreeing on a protocol that defines how the computation will be performed. The parties run the protocol on their respective data and exchange information in a way that allows them to compute the result without learning each other's private data. The protocols used in MPC are designed to be secure against various types of attacks, including collusion, eavesdropping, and malicious behaviour by some of the parties.
MPC has many real-world applications, including secure data analysis, financial transactions, private machine learning, and secure auctions. It is a powerful tool that enables secure collaboration and computation among multiple parties, while preserving privacy and security.

What does “MPC nodes” mean?

"Multi-distributed MPC nodes" refers to a setup where multiple MPC (Multiparty Computation) nodes are distributed across different locations or entities in a distributed network. In the context of MPC, a node typically refers to a computing entity or a participant that takes part in the MPC computation.
MPC is designed to enable secure computation across multiple parties, where each party can perform computations on their private inputs without revealing them to others. In a distributed MPC setup, there are multiple nodes that participate in the computation, and these nodes are distributed across different locations or entities. This can be done for various reasons, such as privacy, security, or efficiency.
The term "multi-distributed" in this context implies that there are multiple MPC nodes, and these nodes are distributed across different locations or entities. This can be in the form of a network of computers, servers, or other computing devices that are geographically distributed or owned by different organizations or entities.
Distributing MPC nodes across different locations or entities can provide several benefits, including:

Privacy: Distributing MPC nodes across different entities can help protect the privacy of the individual inputs, as no single entity has access to all the inputs or the complete computation.

Security: Distributing MPC nodes can enhance the security of the computation by reducing the risk of a single point of failure or compromise. Even if one node is compromised, it does not compromise the entire computation.

Scalability: Distributing MPC nodes can enable parallel processing and distributed computation, which can improve the efficiency and scalability of MPC protocols.

Collaboration: Distributed MPC nodes can facilitate collaboration among multiple parties that may be geographically dispersed or have different ownership or control, allowing them to jointly compute results while preserving privacy.

Overall, the term "multi-distributed MPC nodes" refers to a setup where multiple MPC nodes are distributed across different locations or entities, allowing for secure and collaborative computation across parties while preserving privacy and security.

Where are your MPC nodes hosted?

The wallet is securely hosted on advanced multi-distributed nodes, which form a strong and reliable infrastructure. You have the option to access the wallet exclusively through Vaultody, a trusted platform for managing and securing your digital assets. This flexibility empowers you to choose the approach that best aligns with your preferences and operational requirements, ensuring effective management and enhanced security for your wallet.

What is your wallet key management system?

Our MPC Wallet employs cutting-edge Multi-Party Computation (MPC) technology to deliver unparalleled security for your digital assets. Traditional key management systems often pose risks due to key exposure, leaving them vulnerable to unauthorized access and potential attacks. However, with our MPC Wallet, we have mitigated this vulnerability by leveraging distributed computing across multiple nodes. Each node in the MPC network holds only a fraction of the information required to perform key operations. This collaborative approach ensures that no single entity or node has access to the complete set of keys, significantly reducing the risk of compromise. By distributing the computation across multiple nodes, our MPC Wallet provides enhanced security and confidentiality for your private and public keys. To further fortify the protection of your digital assets, our MPC Wallet incorporates advanced encryption algorithms, robust access controls, and multi-factor authentication protocols. These security measures work harmoniously to establish layers of defense, preventing unauthorized access and ensuring your keys remain confidential and well-guarded. Additionally, our MPC Wallet offers a high degree of customizability to cater to your unique business needs. Whether you require integration with other systems or desire additional security layers, our wallet can be tailored to align with your operational requirements. This flexibility ensures seamless integration and a personalized experience for managing your digital assets. In conclusion, our MPC Wallet combines the power of multi-party computation (MPC) technology with advanced security measures and customizability. By eliminating key exposure, implementing robust security measures, and offering customization options, we provide a secure and reliable platform for managing and safeguarding your digital assets.

How are transactions signed?

In our MPC Wallet, transaction signing is performed using a secure and robust process that leverages the advanced capabilities of Multi-Party Computation (MPC) technology. When a transaction needs to be signed, the process involves the collaboration of multiple distributed nodes within the MPC network. Each node holds a fraction of the necessary information required for signing the transaction, ensuring that no single node possesses the complete set of keys or transaction details. Through the collective computation performed by these distributed nodes, the transaction is securely signed without exposing sensitive information. The MPC protocol ensures that the signing process remains confidential and resistant to potential attacks or unauthorized access. By leveraging this approach, we can provide a high level of security and integrity to the transaction signing process while maintaining the privacy of your keys and transaction data. It is important to note that the exact technical implementation details of the MPC signing process may vary depending on the specific configuration and setup of our MPC Wallet. However, rest assured that our priority is to ensure the utmost security and privacy during the transaction signing process, utilizing the advanced capabilities of MPC technology to protect your digital assets.