- Poof Payments introduces an open-source MPC wallet for XRP ledger, redefining crypto custody with enhanced security.
- XRP Ledger Significance: XRP ledger’s decentralized infrastructure forms the foundation for Poof Payments’ MPC wallet, optimizing functionality.
- Web3 Advancement: Poof Payments leads in web3 payment technology, aiming to democratize secure digital asset management through cutting-edge solutions.
In the crypto world, wallets are integral for users. Today, an open-source Multiparty Computation (MPC) wallet has been introduced for the XRP ledger by Poof Payments. Today, there is an increasing importance of secure self-custody solutions in the crypto realm. Let’s explore the details of this project.
XRP Ledger
XRP ledger has played a pivotal role in facilitating international transactions. XRP ledger is basically an open-source, permissionless, and decentralized blockchain technology. It was created in 2023 and is specifically designed for payments.
Poof Payments
As a leading web3 payment infrastructure specializing in cryptocurrency wallets and digital payments, Poof Payments takes pride in being at the forefront of web3 technology. They are on a mission to democratize secure digital asset management. Poof Payment’s role in this development is integral. The integration of Shamir Secret Sharing (SSS) with the open-source MPC wallet for enhanced security is indeed one of a kind.
XRP Ledger is the foundation for Poof Payments’ MPC wallet. The decentralized Ledger infrastructure will provide an efficient infrastructure to support the functionality of the new wallet. The implementation of Poof Payments’ open-source MPC wallet will be available on GitHub under the Apache 2.0 license. Poof Payments’ open-source MPC wallet will soon be released for the security and evolution of crypto custody.
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