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Colton Dillion π©
@cadillion
I'm pleased to announce to the world something I've been waiting close to 7 years to release with @hedgehog: on-chain, self-custody digital asset wallets that use secure multi-party computation ("MPC") to trade automatically in the background! https://www.youtube.com/shorts/B4feHLdcZyM
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Colton Dillion π©
@cadillion
Before I talk about some of the challenges weβve faced to get here, I want to share some key benefits: The wallets are self-custodial, which means if our business ends, your wallet lives on, no migrations or deprecations required. Pick up your MPC shards and reconstitute the key, or Snap into @metamask!
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Colton Dillion π©
@cadillion
Being close to the private key entropy of your wallet means we can generate signatures and addresses for any ECDSA-compatible chain. Unlike EVM-based smart contract wallets, our MPC wallets are easily expandable to support IBC ecosystem, Bitcoin L2s, Doge, and many more.
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Colton Dillion π©
@cadillion
Our dear friends at @usecapsule are powering the MPC, so between us you have adjustable capabilities regarding what permissions to provide and which types of transactions third-parties can co-sign; and you can withdraw third-party access at any time!
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Colton Dillion π©
@cadillion
Pretty cool, right? And this is only the beginning, our goal is to slowly decentralize out to networks of key hosts and registered solvers that plug into the relevant jurisdictions to ensure that everything is above board from a compliance perspective, and to make interacting with web3 simpler.
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