6min chapter

Web3 Talks: Stories & Tips from the Builders cover image

#31: Ouriel Ohayon, Co-Founder @ ZenGo | How they built an MPC wallet to get rid of seed phrases and what they did to acquire over 700k users

Web3 Talks: Stories & Tips from the Builders

CHAPTER

How Does Multi-Party Computation Work?

MPC is a breakthrough innovation in cryptography and in particular, in custody. Multi-party computation works radically different from public key wallets. There is no private key ever generated to allow you to send a transaction. Each of the secrets are completely useless if someone gets hold of one of them. But by way of mathematical operation they're able to collaborate with each other.

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