He Platform Cannot Unilaterally Control The User 39s Funds Quot 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 Jiang , Nov 14 , 022 Prnewswire The Crypto Crash Is Intensifying After One Of Foremost Institutions , Tarted Collapsing Related Blockchains , Nstitutions And Currencies Started Crumbling , Ith The Price Of Ether Falling 16 On Tuesday , Th November 2022 Amidst This , Nstitutions And Investors Are Losing Trust In Crypto While Scrambling To Secure Their Assets Today , Sia Pacific 39s Largest Digital Asset Custodian And Blockchain Technology Provider , Eleases 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 Approach , Hich Eliminates The Risk Ofa Single Point Of Failure And Allows For Secure Control Assets In Event One Party 39s More Importantly , Ny 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 Using , He Private Key Is Sharded And Divided Among Different Parties , Ach In Charge Ofa Key Share , Hich Will Ultimately Remove Any Single Point Of Failure Notably , He Platform Cannot Unilaterally Control The User 39s Funds Quot , Aid Dr Changhao Jiang , He Cto And Co Founder Of Cobo The Failure Centralized Solutions Arises Mainly Because Users Have To Give Away Their Full Control Funds Institutions An Alternative Relying On Regulations Or Licenses Asa Method Verifying Credibility Establishing Trust , 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 , S Trust Is Ingrained In The Design Of Technology Itself On Top Security Underlying Private Key Distributed Management , Obo Provides Customers Witha Double Risk Control Guarantee Can Build An Internal Process Based Ona Variety Of Different User Roles And Flexible Customisable Combinations Policies This New Technology Reinvents Custody Solutions By Giving Users Full Their Assets While Keeping Them Secure At The Same Time Click Here To Find Out More About Cobo 39s Mpc Tss Is Asia Pacific Largest Digital Asset Custodian Blockchain Provider , Ased In Singapore Trusted By Over 500 Institutions And Hnwis To Grow Protect Their Crypto Assets , He Company Focuses On Building Scalable Infrastructure And Powering The Web 3 0 Revolution Around World Asa Strong Blockchain Technology Provider , Obo Provides Saas Software Asa Service Products Such As Waas Wallet , Aas Defi Asa Service , Aas Nft Asa Service ,