Account Security

At COCA Wallet, your security is our top priority. We utilize cutting-edge technologies to ensure that your digital assets are protected at all times. Here’s an in-depth look at the security measures we implement, including the use of Multi-Party Computation (MPC), biometrics, and QR codes for recovery.

Multi-Party Computation (MPC) Security

What is MPC?
Multi-Party Computation (MPC) is an advanced cryptographic protocol that enhances security by distributing the key generation, signing, and transaction processes among multiple parties. This means that your private keys are never concentrated in one place, reducing the risk of theft or loss.

How MPC Works:

Distributed Key Management:
In MPC, your private key is split into multiple parts, each held by different parties. No single party has access to the complete key, ensuring that even if one part is compromised, your assets remain secure.

Secure Transaction Signing:
When a transaction needs to be signed, the MPC protocol allows the separate parts of the key to collaborate securely without ever reconstructing the full key. This distributed approach significantly reduces the risk of key exposure.

Enhanced Security with Biometrics:
Biometric authentication leverages your unique biological characteristics, such as fingerprints or facial recognition, to secure access to your COCA Wallet. This method provides a robust layer of security that is both convenient and difficult to replicate.