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Technical overview of 2pc-mpc. This should be accessible without much technical background as I'm building everything from scratch
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Yehonatan Cohen Scaly γπ¦γ
@ycscaly
CTO @dWalletLabs Co-Founder of @ikadotxyz bringing noncollusive massively decentralized dWallets to Web3
Joined July 2022
- Presenting 2PC-MPC V2 at the ACNS convention in Stony Brook, NY last week.
- And you were all sold the lie that cold storage is the ultimate form of security for crypto, but cold storage isnβt kidnap-proof. A dWallet on @ikadotxyz can be. One easy example of a policy is time-locking transactions over some amount, say 20% of your assets. So if you have41 kidnappings of crypto holders in France in 3.5 months of 2026. Why? π₯ French tax officials selling crypto owners' data to criminals (Ghalia C.) + massive tax database leaks. Now the state also wants IDs and private messages of social media users. More data = More victims.
- Its just unbelievable to me how much money people can lose in crypto, where we literally built the solution to it all, and they will continue to use centralised solutions. If theyβd have used a dWallet for their vaults, no extortion in the world would have been able toKraken Security Update We are currently being extorted by a criminal group threatening to release videos of our internal systems with client data shown if we do not comply with their demands. Itβs important to start with the most important points: our systems were never
- v accurate memeAnother day, another bridge gets absolutely rekt π¨ @hyperbridge on @Polkadot just got cooked: attacker forged a cross-chain message, hijacked the Ethereum gateway, minted 1 BILLION fake bridged DOT from nothing, and dumped it in one tx for ~$237k profit (108 ETH).
