Echnologies Such As Mpc Tss Applied In Custody Make It Impossible For The Platform To Move Its Users 39 Funds This Removes Need Trust Custodian Not Their News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SINGAPORE, Nov. 14, 2022 /PRNewswire/ The crypto crash is intensifying after one of the foremost institutions, FTX, started collapsing. Related blockchains, institutions and currencies started crumbling, with the price of Ether falling 16% on Tuesday, 8th November 2022. Amidst this, institutions and investors are losing trust in crypto while scrambling to secure their assets. Today, Cobo, Asia-Pacific's largest digital asset custodian and blockchain technology provider, releases its MPC-TSS custody technology as a solution to address the growing trust crisis in centralized institutions that plagues the crypto world. Cobo's MPC-TSS solution uses a three-party co-managed approach, which eliminates the risk of a single point of failure and allows for secure control of assets in the event of one party's failure. More importantly, any single party cannot unilaterally move assets under custody. "The fundamental value of our MPC-TSS technology is the ability to offer co-cus

Changhao jiangNov 14022 prnewswire the crypto crash is intensifying after one of foremost institutionsTarted collapsing related blockchainsNstitutions and currencies started crumblingIth the price of ether falling 16 on tuesdayTh november 2022 amidst thisNstitutions and investors are losing trust in crypto while scrambling to secure their assets todaySia pacific 39s largest digital asset custodian and blockchain technology providerEleases its mpc tss custody technology asa solution to address the growing trust crisis in centralized institutions that plagues crypto world cobo 39s usesa three party co managed approachHich eliminates the risk ofa single point of failure and allows for secure control assets in event one party 39s more importantlyNy single party cannot unilaterally move assets under custody quot the fundamental value of our mpc tss technology is ability to offer co asa managed solution by usingHe private key is sharded and divided among different partiesAch in charge ofa key shareHich will ultimately remove any single point of failure notablyHe platform cannot unilaterally control the user 39s funds quot