MPCWallet

Inspiration

Crypto wallets are essential for every Web3 user. But they are intimidating: users have to store their private keys and seed phrases securely or else risk a total loss of their assets. That’s a level of responsibility most users, frankly, are not ready for.

What it does

MPC Wallet solves this by allowing users to recover private keys with multiparty computing. Since the private key is never contained in any single place, the wallet remains secure and decentralized, but the user can recover the private key if it gets lost.

How we built it

By applying a MPC wallet solution, a final signature needs more than one slice private key to generate, so reduce the risk of the user side ‘s private key lost or stolen. Also, using KYC or binding some user web2 account information with the user's private key, we can greatly make it much easier for normal web2 users to use new blockchain features. Which will bring a lot of potential users.

Challenges we ran into

How to compete with all other wallet products, and convince users to switch wallet TPS: a to-c MPC solution need to consider the pick time of a lot of users MPC algorithm opt , and performance tuning Strong Platform, multi-strong-computer nodes to support MPC features.

Accomplishments that we're proud of

We made thorogh research about the MPC related tech, including the algorithm. We believe a good product should be based on thorogh understanding of the tech and the industry.

What's next for MPCWallet

The MPC theory has been developed for many years, and now comes out some solutions for normal cases. The blockchain market has come to a bear market which allows more time to develop mature solutions to solve the private security problem. We will keep adding more support to mainstream public chains, and develop in-depth partnership with other great ecosystem and projects.

Built With

• flutter
• go
• java