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What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502
Unchained
The Downsides of MVC Wallets
MVC wallets are more secure, but there are some downsides in terms of computation. A disclosure made by fire blocks around BitGo's TSS special signature library revealed that it was a possibility to extract the private key out of the way the secret shares were computed. There is a systemic risk at the cryptographic level and there is a design system risk of trust at the signature level so that you can make a transaction and move your funds out.
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