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💰 Fordefi Unveils First Institutional-Grade MPC Wallet for DeFi on Sui Fordefi’s comprehensive platform and Web3 gateway provide an enterprise grade solution enabling builders, traders, and operators to self-custody their private keys, seamlessly connect to thousands of decentralized applications (dApps) across any blockchain, and manage digital asset operations with granular policies and a unified interface.

According to Odaily, Ronin has announced the release of updates for its Ronin Wallet browser extension version 2.1.5 and mobile version 2.5.0. The new versions introduce support for importing mnemonic phrases with 13, 15, 21, and 24 words. Additionally, the updates include features for copying checksums and case-sensitive addresses. The activity interface UI has also been improved to enhance user experience. The updates address several issues, including a bug related to re-authentication of the MPC wallet in the browser extension and problems associated with scanning QR codes. Ronin stated that the updates also contain various minor bug fixes aimed at providing users with a more stable and feature-rich wallet experience.

Secure multiparty computations (MPC) on Bitcoin represent an innovative and powerful approach to privacy and security in the realm of digital transactions. MPC allows multiple parties to jointly compute a function over their private inputs without revealing those inputs to each other. This technology has the potential to significantly enhance privacy and security in a wide range of applications, including financial transactions, data sharing, and more. One of the key advantages of using MPC on Bitcoin is the ability to perform computations in a trustless and decentralized manner. By leveraging the security and transparency of the Bitcoin blockchain, MPC protocols can facilitate secure interactions between multiple parties without the need for a trusted intermediary. This helps to reduce the risk of data breaches, unauthorized access, and fraud, ultimately enhancing the overall security of transactions. Furthermore, MPC on Bitcoin offers enhanced privacy protections by allowing parties to collaborate on computations while keeping their inputs confidential. This is particularly valuable in scenarios where sensitive information needs to be shared or processed, such as financial transactions or medical data analysis. With MPC, parties can perform computations without exposing their underlying data, mitigating the risk of privacy breaches and unauthorized access. Another benefit of using MPC on Bitcoin is the potential for increased efficiency and cost savings. By enabling secure collaboration between multiple parties without the need for a centralized authority, MPC protocols can streamline processes, reduce overhead costs, and improve the overall efficiency of transactions. This can help to drive innovation and adoption of decentralized applications that require secure and private computations. Overall, secure multiparty computations on Bitcoin represent a promising avenue for enhancing privacy, security, and efficiency in digital transactions. As the technology continues to evolve and mature, we can expect to see a growing number of applications leveraging MPC to unlock new possibilities in a trustless and decentralized ecosystem. The intersection of MPC and Bitcoin has the potential to reshape the landscape of digital privacy and security, offering new opportunities for secure and private interactions in the digital age.

According to Odaily, cryptocurrency custody platform Zenrock, formerly known as Qredo, has launched an innovative decentralized custody solution aimed at addressing user concerns about DeFi security and accelerating industry growth. Zenrock Chairman Dan Tapiero noted that even active users in the crypto space feel uneasy about using DeFi, leading many investors to prefer centralized exchanges and ETFs. To mitigate the risks associated with centralized custody models, Zenrock employs decentralized multi-party computation (MPC) wallet technology, which eliminates single points of failure by splitting and distributing private keys among multiple parties. The company has also developed a hybrid security model that combines its native token with EigenLayer to protect the protocol. CEO Randy Little stated that this model 'gives re-staked Ethereum a purpose.' Zenrock plans to adopt a transaction-based model and offer its technology to developers, institutions, and individual investors. The platform is currently in the testnet phase and is expected to officially launch within the year. On August 19, Zenrock introduced a decentralized wrapped Bitcoin token, zenBTC, further expanding its product line. The project is supported by 10T Holdings, 1RoundTable Partners, Spartan Group, and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset space, and he anticipates that more traditional financial institutions will follow this model in the future.

According to Odaily, cryptocurrency custody platform Zenrock, formerly known as Qredo, has launched an innovative decentralized custody solution aimed at addressing user concerns about DeFi security and accelerating industry growth. Zenrock Chairman Dan Tapiero noted that even active users in the crypto space feel uneasy about using DeFi, leading many investors to prefer centralized exchanges and ETFs. To mitigate the risks associated with centralized custody models, Zenrock employs decentralized multi-party computation (MPC) wallet technology, which eliminates single points of failure by splitting and distributing private keys among multiple parties. The company has also developed a hybrid security model that combines its native token with EigenLayer to protect the protocol. CEO Randy Little stated that this model 'gives re-staked Ethereum a purpose.' Zenrock plans to adopt a transaction-based model and offer its technology to developers, institutions, and individual investors. The platform is currently in the testnet phase and is expected to officially launch within the year. On August 19, Zenrock introduced a decentralized wrapped Bitcoin token, zenBTC, further expanding its product line. The project is supported by 10T Holdings, 1RoundTable Partners, Spartan Group, and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset space, and he anticipates that more traditional financial institutions will follow this model in the future.