Welcome to UXUY, the secure non-custodial trading platform based on MPC.
In the world of digital assets, security always takes precedence. As a next-generation decentralized exchange, UXUY offers users a decentralized trading platform built on MPC technology, ensuring the utmost protection for your assets.
In this article, we will reveal the secrets behind UXUY's MPC technology and how it ensures the safety of your assets. UXUY employs MPC (Multiparty Computation) technology and threshold signature schemes to provide comprehensive security for users.
What is MPC (Multiparty Computation) Technology?
MPC technology, short for "Multiparty Computation," is a privacy-preserving computational method that enables multiple parties to collaboratively perform computations without sharing their original data. The core aim of MPC is to ensure data privacy among participants while allowing them to collectively accomplish specific computational tasks.
In this context, UXUY implements MPC technology to ingeniously address the issues associated with mnemonic phrases. Through MPC, UXUY generates multiple data shards for users, which are jointly managed by the users and third parties. This innovative approach effectively mitigates the potential risks of a single-point failure with mnemonic phrases, ensuring the security and reliability of user assets.
What is a Threshold Signature?
A Threshold Signature Scheme (TSS) is an encrypted digital signature protocol. Within a group of signers, a subset of them can collectively sign a message on behalf of the entire group. This greatly enhances the security and privacy of digital signature systems.
In summary, UXUY integrates MPC technology and threshold signature schemes to provide unparalleled security protection to users. Whether you're a novice or an experienced trader, you can confidently use UXUY for digital asset transactions, enjoying a high level of security and privacy.
The security of digital assets is paramount for every user and UXUY is committed to continuous innovation, adopting cutting-edge technology to provide users with the best trading environment.
Through MPC technology and threshold signature schemes, we safeguard your assets, empowering you to navigate the digital realm with confidence.
Choose UXUY, and choose security and trust.