Say goodbye to the private key because we have something better to offer.
What do we want from a crypto wallet? Safety. That’s the first thing that comes to mind. We invest our hard-earned money and want to be sure they stay where they are supposed to raise and blossom.
But if safety were the only priority, we would put money in the bank and sleep like a child. But we want to support a decentralized method of transfer and saving money; we know that the future of finances relies on decentralized systems, so we accept the rules willing to sacrifice the blessing of delegating the liability of keeping savings…well…safe.
Usually, you would keep cryptocurrencies stored on a USB interface hard wallet protected by an enormous password you must remember. And if you suddenly get amnesia, you are doomed.
Can you write it on a piece of paper and keep it under a pillow? Yes, but be sure it won’t be eaten by your dog or thrown away by your housekeeper, who is just very scrupulous about her job. You can always make a tattoo with your password and put it in place not seen by a stranger. But be cautious about sudden rendezvous then, and don’t perform too revealing dances on your Majorca vacation. «Not your keys, not your coins» – is the leading crypto world mantra every hodler repeats. There’s nothing scarier and more irreversible except for death. More than $100 billion in bitcoin are lost, and you risk bolstering that statistic daily.
Okay, I intimidated you enough; time to reveal a solution – the Dexfin MPC wallet.
For years we’ve been under the impression that the advantages of centralized exchange platforms (security, easy access to your assets at any time, a delegation of all the difficulties on someone else’s shoulders) and on-chain crypto wallets (complete control over your crypto with no shirt part involved) are mutually exclusive. But it’s not since the MPC was brought to the game.
MPC – multi-party computation – is a concept of cryptographic security, a new generation of wallets with the noble purpose of giving users the highest level of security to their crypto assets. The technology is based on the scheme where various parts are necessary to access the system. It means that parts of your private keys are divided between different devices.
So it reduces the chance of getting access to your key because there’s no one place where it is kept. Think about it as a treasure map ripped into pieces and buried in different parts of the world. Is it possible to connect all aspects? Yes, but only if you’re Indiana Jones.
The technology itself isn’t new; it has been used since the 70s and was embedded in computer chips to help maintain computer security. And it became an excellent base for crypto-decentralized systems that needed protection as much as the other guy.
For now, it is the most secure and convenient way to save your crypto treasure – no one can steal your key phrase because there’s no key phrase! In MPC wallets are implemented control devices that can (and will) generate dynamic keys for every single use with a small amount of time to use it. And the best part of all the complicated systems is that it’s not complicated for you as a user! You always have a wallet on your phone, so you always have access, and in case you lose your phone or you’re robbed, you are still safe because it’s not a USB, and you can quickly recover it!
Now you don’t have to choose between the advantages of decentralized systems and the safety of centralized ones – you have everything in your Dexfin MPC wallet.
Can’t wait to transit into the most convenient and secure technology? We understand it. Keep updated because the release is very soon, and you won’t be disappointed.
Access to the Dexfin Mobile Wallet will be available next week for beta testing. Stay tuned!
