Odaily Odaily News: Crypto asset trading platform Gate has officially launched Gate Safe, a multi-chain wallet based on multi-party computing (MPC) technology, aiming to provide users with a higher level of asset security protection and independent control.
Gate Vault splits the full private key into multiple shards and stores them in a distributed manner. This eliminates the need to restore the full private key during transaction signing, effectively preventing single-point attacks. This product utilizes a three-party distributed key architecture and a 2-of-3 mechanism to ensure absolute control of users' assets. It also features 48-hour delayed payment protection and a global disaster recovery mechanism, providing users with comprehensive security. Notably, Gate Vault will be free for a limited time to VIP 3 and above users, with a paid access option available soon for other users, allowing more users to experience this new security solution firsthand.
As users' asset management needs accelerate from centralized accounts to self-custodial wallets, MPC technology is becoming the core foundation for the security of the next generation of digital assets. The Gate Vault not only strengthens Gate's leading edge in security but also further enhances Gate's full-stack ecosystem, from trading and wealth management to Web 3 self-custody. It is the core fulcrum of security and trust in Gate's All in Web 3 strategy.
