Bitget Wallet (formerly BitKeep) launches MPC (multi-party computation) wallet. It is reported that the wallet adopts an enterprise-level MPC solution, runs the MPC protocol with the highest security standards, and uses a 2/3 private key sharding model to generate exclusive distributed keys for each user without the complete private key. , and conduct distributed storage in accordance with the highest security standards in the industry.
Users no longer need to manage complex mnemonic words/private keys. They only need to use their email to create a wallet and complete cloud backup through Google Drive or iCloud. This greatly simplifies the creation and use process of the wallet and avoids leakage of mnemonic words/private keys. The resulting single point of failure risk provides users with safer and more convenient wallet services.