OKX's Global Chief Business Officer Lennix: MPC wallets can better address the risk of single-point private key compromise.

BlockBeats News, on August 22nd, Lennix, the Global Chief Business Officer of OKX, commented on the "risk of input method leaking Web3 user privacy data" incident in a tweet. He pointed out that there are different risks for users when using electronic products and applications, which may lead to the loss of mnemonic phrases or private keys. Although there are ways to address these issues, once the mnemonic phrases/private keys are generated, there will always be a single point of risk that cannot be guaranteed to be 100% secure. In Lennix's opinion, the best way to solve the single point of risk for mnemonic phrases/private keys is to control the risk at the source. He recommends that users choose OKX MPC, a non-private key wallet that avoids the risk of private key leakage from the design principle. It is the first 2/3 multi-chain non-private key wallet in the industry, completely decentralized and non-custodial. It not only avoids the possibility of user private key leakage, but also achieves public and transparent calculation and storage of user private key fragments through open-source algorithms. For more details, please click: GitHub - okx/threshold-lib: Threshold Signature Scheme, 2-of-n, for ECDSA and Ed25519.