×
Sunday, April 14, 2024

CoinsDo launches Trusted Shards Computation (TSC) feature to enhance cryptocurrency wallet security

Last updated Tuesday, May 16, 2023 10:16 ET , Source: CoinsDo PTE LTD

CoinsDo launches Trusted Shards Computation (TSC) feature to enhance cryptocurrency wallet security

Singapore city, Singapore, 05/16/2023 / SubmitMyPR /



Blockchain technology company CoinsDo showcased its new Trusted Shards Computation (TSC) feature at the Hong Kong Web3 Festival Demo Day on April 15, 2023, making a strong impression. CoinsDo’s representative demonstrated to attendees how to create a 3-person private key shard wallet (TSC) within one minute and complete the transaction approval process within another minute. CoinsDo also announced that TSC will be promoted to its wallet users and can be used for free in CoinWallet.


Trusted Shards Computation (TSC) offers a new approach to enhancing the security of private key management in cryptocurrency wallets. Utilizing Trusted Execution Environments (TEE), TSC divides the private key into multiple key shards and stores them on different devices. This ensures the security of the private key, as attackers cannot obtain complete private key information even if one device is compromised. Additionally, CoinsDo’s TSC solution allows users to set up their own TEE environment on AWS and provides security certification to further enhance security.


TSC is suitable for various applications, such as serving as a vault to help custody enterprises or centralized wallet companies shard private keys and jointly hold partial private keys with customers to better manage customer assets. It can also meet the needs of exchanges, digital finance, digital payments, family offices, and other enterprises for multi-person asset management and multi-signature authorization. Similar to Multi-Party Computation (MPC), TSC has various advantages in the cryptocurrency field, enabling quick setup, no maintenance, and support for more main chains: including BTC, ETH, TRX, BNB, XRP, OKT, DOT, LTC, SOL, MATIC, and 28 others, as well as unlimited tokens such as USDT, USDC, PAX, etc.


CoinsDo’s representative said at the event, “We are delighted to receive such positive feedback from the Hong Kong Web3 Festival community. We believe TSC will play a vital role in protecting digital assets and simplifying business operations, and we are excited to offer this solution for free to everyone. We look forward to the upcoming Tokyo Web3 Week and hope to meet you all on May 17-18, bringing an even more powerful TSC feature. CoinsDo will continue to innovate and contribute to the development of the blockchain industry.”


CoinsDo is a Singapore-based blockchain technology company, offering products such as CoinGet, CoinSend, CoinSign, CoinWallet, and CoinFace. They provide reliable asset security technology solutions for enterprises. For more information, visit CoinsDo’s official website: www.coinsdo.com.


Disclaimer:
The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

Original Source of the original story >> CoinsDo launches Trusted Shards Computation (TSC) feature to enhance cryptocurrency wallet security