Hey! I’ve been using the GoSats Card to earn Satsback on all my expenses, and you should give it a try too!The GoSats Card, India’s most rewarding prepaid card enables you to earn upto 1.5% #Bitcoin back on all your spends!💳
It’s that simple!✅
#Omega on the horizon.
Walking #Bitcoin
Infinite demand, meet immovable supply.
#Bitcoin
ETF + Halving in ~100 days + High fees + Low exchange liquidity.
You love to see it.
#Bitcoin #BitcoinETF
Nsecbunker refund request nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft
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What is an MPC Wallet?
MPC (Multi-Party Computation) wallets revolutionize crypto security, addressing the risks of traditional private key management. The phrase "Not your keys, not your coins" underscores the billions lost or stolen in the crypto sphere due to key mismanagement since the early 2010s.
Outdated Concept: "Not Your Keys, Not Your Crypto"
The adage of "not your keys, not your #crypto" retains relevance, yet its application has resulted in lost seed phrases, misplaced private keys, and stress for new users. Consequently, users have gravitated towards centralized exchanges ('CeFi') for security, abandoning the control provided by non-custodial wallets.
Around $100 billion in #Bitcoin alone has been irretrievably lost due to mishandled private keys. The crypto community's fixation on a "private key gold standard," prioritizing technology over user needs, persists.
The Evolution: Multi-Party Computation (MPC)
#MPC emerges as a viable solution, championed by industry players like #Coinbase and Zengo. This technology, employed by companies such as Fireblocks for institutional-level security, now aims to empower average users and enlighten developers on MPC's security benefits.
Debunking the Binary Perception: Centralized Exchanges vs. Non-Custodial Wallets
For years, the crypto realm perpetuated a fallacy: only two methods exist for storing crypto. This misperception hindered many potential enthusiasts from entering the ecosystem.
Option 1: Exchanges
#Centralized exchanges offer relative security at the cost of control and on-chain access. Users sacrifice freedom for ease, entrusting others with secure storage.
Option 2: Self-Custody with Private Keys
Non-custodial wallets, reliant on private keys, risk vulnerability to scams, hacks, or key loss. Despite offering control over assets, they pose significant security challenges.
A Hybrid Solution: Enter Multi-Party Computation (MPC)
MPC, a secure form of #cryptography, enables multiple parties to jointly compute without revealing individual inputs. Applied to crypto wallets, MPC eliminates the single point of failure inherent in traditional private key systems.
How Does MPC Work?
MPC facilitates secure key management without a singular #private key, allowing multiple parties to perform cryptographic functions jointly. Unlike conventional models, MPC doesn't generate, split, or reconstruct a single private key.
By integrating MPC, wallets ensure robust security against private key theft and loss. This design offers key advantages:
- Ease of Recovery: Simplified recovery methods boost user confidence.
- Phishing Resilience: No central vulnerability for phishing attacks.
- User-Controlled Security: Users retain control over their assets.
CONTINUE READING: https://www.adilkazani.com/2024/01/what-is-mpc-wallet.html
The word of the day is 2FA.
Please integrate 2FA security protocols wherever necessary.
Something tells me we‘ll read a lot more of SIM Swaps in 2024
I guess I lost the connection URL, I paid for nothing nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft
Bullish on MPC projects 🚀
Its not working, it asking me to create new one again
Lemme try again later
Hey nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft
I just paid for nsecbunker but its taking so much time to deploy bunker then I had to refresh.. same problem
Uninstall #Google Chrome right now.
Give a man a gun and he can rob a bank.
Give a man a bank and he can rob the world.
nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp
Do you think Liquid #BTC is decentralized?
Re-read your favorite book
THIS IS NOT A DRILL!
MASSIVE SCAM WARNING!
If you are a user of the WONDERFUL Windows platform, then during the system installation, you must have encountered the persistent OneDrive application. If you lacked the courage to immediately eliminate this 'cockroach', there's a high chance it may have copied some of your private data to its cloud. This is exactly what scammers are counting on, and they are now massively attacking Microsoft servers, trying to log into your cloud.
Action plan to protect yourself:
Go to account.live.com/Activity and check for login attempts. If there were successful logins and it wasn't you, things are bad; start by changing your passwords.
Go to onedrive.live.com and check what data is in your cloud. Clear data that could be dangerous for you, making sure it's saved elsewhere. Be careful when performing a complete clean-up, as this includes your OneNote notebooks and so on! Some people have already foolishly lost their passwords and private keys by deleting them in the cloud. Don't forget to then delete everything from the recycle bin, where files are initially placed when deleted.
Visit account.live.com/proofs/manage/additional and add two-factor authentication (2FA). You don't necessarily have to download the Microsoft 2FA app; you can use the familiar Google Auth.
Ensure your password is strong, or change it to a more secure one.
Stealing personal data and private keys from the cloud is the least they can do, having full access to your account. Take care of your security before it's too late.
Reports indicate that after gaining access to an account, they assign a birth year of 2016 or later to add you to a 'family' as a 'child', restricting recovery options. Think about it.
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