How Fireblocks Is Innovating MPC Wallet Technology

Our MPC-CMP algorithm at Fireblocks has brought a complete evolution in our clients’ security architecture.

There are many benefits in utilizing MPC, such as the distribution of signing, the removal of a single point of failure from the system, and flexible M event signing structures.

But MPC has its downsides, including a low transaction speed due to multiple rounds in the MPC signing process, and a lack of a truly air-gapped MPC solution.

This led us to develop the MPC-CMP algorithm at Fireblocks, which increases the speed of transactions by 8x and enables a fully air-gapped MPC cold storage.

From our research, no one in the market offers an air-gapped cold storage solution utilizing MPC.

That’s how our new MPC-CMP open-source algorithm is a huge technical advantage for the solutions our clients are trying to implement.

Check out our blog outlining MPC and its benefits: https://www.fireblocks.com/blog/7-reasons-why-mpc-is-the-next-generation-of-private-key-security/

Learn more about Fireblocks’ MPC Wallet as a Service: https://www.fireblocks.com/platforms/mpc-wallet/

Fireblocks is an easy-to-use platform to create innovative products on the blockchain and manage day-to-day crypto operations

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1500 financial institutions, has secured the transfer of over $2 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. For more information, please visit www.fireblocks.com.

#blockchain #digitalassets #crypto

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