Bitcoin, the largest crypto-currency in terms of market capitalization, continues to dominate the cryptographic landscape.
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Bitcoin wallet with atato Custody
Today, bitcoin charts are covered by mainstream media, no longer reserved to stock market channels ; we tend to associate Bitcoin with blockchain, but they are two different terms. While Bitcoin is a cryptocurrency, blockchain is a shared, decentralized database. Its main function is the transparency of information within corporate networks, accessible to everyone. To sum up, Bitcoin is a Blockchain, but a blockchain is not necessarily a Bitcoin.
As opposed to EVM, an Ethereum Virtual Machine, is the brain behind the Ethereum blockchain. In simple terms, it can be compared to a virtual computer for developing decentralized applications. The EVM processes and executes smart contracts, which can be combined with computer programs to define user-specific rules and conditions. EVM is not to be confused with Ethereum, the second largest cryptocurrency on the market. The ethereum network uses ethereum as a means of settling smart contracts.
Today, atato Custody supports bitcoin and secures it, becoming a bitcoin custody provider with bitcoin custodial wallet.
With regulated financial institutions and investors looking to own BTC, there is a growing need for secure and reliable crypto custody services to ensure the safekeeping of the most famous of all digital assets : Bitcoin
Atato Custody, a licensed MPC crypto custodian based in Singapore, is proud to offer crypto custody services that including bitcoin custody
Using MPC technology for bitcoin custody
Atato’s crypto custody solution employs Multi-Party Computation (MPC) technology, which allows for secure and distributed key management across multiple parties. This approach provides enhanced security compared to traditional methods of key storage, as the private key is split into multiple parts and stored across multiple locations. This makes it virtually impossible for any one party to access the full key, providing peace of mind for investors who want to ensure the safety of their digital assets.
Atato’s MPC crypto custody solution supports all the EVM chains and Bitcoin right out of the box, making it an attractive option for corporates, web 3 projects, and any companies owning crypto. The company’s advanced security measures, coupled with its broad blockchain support and user-friendly interface, make it an ideal choice for investors looking to secure their digital assets.
As a licensed MPC crypto custodian based in Singapore, Atato is committed to providing secure and reliable crypto custody services that meet the highest regulatory standards. The company’s MPC crypto custody solution is designed to provide institutional-grade security for digital assets, with robust security protocols, multi-factor authentication, and efficient customer support.
Atato Custody’ supports of Bitcoin is a logical step towards supporting any chains on its platform. With its advanced security measures, broad blockchain support, and commitment to regulatory compliance, Atato is well-positioned to serve the needs of investors looking to secure their digital assets. If you’re looking for a trusted and reliable crypto custodian, look no further than Atato.
Frequently Asked Questions
What is a Bitcoin wallet ?
Multi-Party Computation (MPC) is a method of secure computation that allows multiple parties to jointly compute a function without any party having to reveal its input to the others.
In the context of crypto custody, MPC technology is used to provide enhanced security for private keys, which are the cryptographic codes used to access and transfer cryptocurrencies.
NO PRIVATE KEYS – Traditionally, private keys have been stored in a single location, making them vulnerable to theft, loss, or destruction.
With MPC technology, private keys can be divided into multiple parts and stored across multiple locations, making it virtually impossible for any one party to access the full key.
Instead, the key can only be reconstructed when a sufficient number of parties come together and combine their shares using a cryptographic protocol.
ADDED SECURITY – MPC is gaining popularity in the world of crypto custody as it provides a higher level of security compared to traditional methods of key storage. By distributing the key across multiple parties and locations, the risk of a single point of failure is greatly reduced. Even if one or more parties are compromised, the private key remains secure as the attacker would need to gain access to all shares simultaneously in order to reconstruct the key.
CRYPTO CUSTODY – While MPC is a powerful tool for enhancing crypto custody security, it is still a relatively new technology and requires specialized expertise to implement properly. As such, it is important to work with a trusted and experienced provider of MPC-based crypto custody solutions to ensure that your digital assets remain safe and secure. Atato built its own MPC engine based on the most secure MPC library available to date. It allows atato custody to offer the most advanced security while not compromising flexibility.
Multi-Party Computation is a promising technology that has the potential to greatly enhance the security of crypto custody. By leveraging the power of MPC, investors can have greater confidence in the safety of their digital assets, even in the face of ever-evolving threats from hackers and other bad actors.
What is a Bitcoin wallet ?
It’s a cryptocurrency digital wallet, an online solution that lets you store, send and secure your Bitcoins.
It can take the form of a software, a mobile application or a hardware. Put simply, a Bitcoin wallet works like an online bank account, with a public key that corresponds to the account number of your bank account and a private key that corresponds to the credentials for you to access your bank account.
It is paramount to allow maximum security features to your bitcoin wallet to prevent from theft and loss !
What is Bitcoin custody ?
Bitcoin custody means that you allow a third party to secure and manage your Bitcoins, the private key is entrusted to a third party like atato Custody, a licensed crypto custodian using top notch MPC technology to better secure and manage your Bitcoins, especially or large amounts, large number of wallets, large transactions of Bitcoins.
Why using atato Custody for bitcoins ?
Atato Custody is the first approved and audited crypto custodian using MPC technology for custodial wallet.
Secure and manage your bitcoins with no AUM fees with atato Custody.
