🛠️Technical analysis
Technical analysis of Nexus MPC wallet
An Nexus MPC (Multi-Party Computation) Wallet is a type of digital wallet within the Orbital7 suite designed to enhance security and operational efficiency for managing digital assets, particularly in the context of the layer-0 crypto tokens. MPC technology allows multiple parties to jointly compute functions over their inputs while keeping those inputs private. In the context of an Nexus MPC Wallet, this means that the wallet's private keys are never fully assembled in one location; instead, they are distributed among several parties (or devices), requiring a consensus to authorize transactions.
This method significantly reduces the risk of key theft or unauthorized access, as an attacker would need to compromise multiple parties simultaneously to gain control over the wallet. Furthermore, the Nexus MPC Wallet facilitates seamless and secure transactions without sacrificing privacy or control, making it an essential tool for users and developers seeking advanced security measures for their digital assets.
Users can:
Create the wallet
Create the transaction
Confirm the transaction
See history of transactions
Moderate the wallet
MPC wallet service will be integrated with CryptoAPI's
https://cryptoapis.io/products/wallet-as-a-service
This API will be used to speed up the development process and will be in use until our in house backend service is available at a later date within the Q2-Q3 roadmap.
Last updated