Bitget Advances Crypto Security with MPC Tech Upgrade

The cryptocurrency
exchange Bitget has enhanced the security of its platform wallets through an
upgrade to Multi-Party Computation (MPC) technology. MPC aims to boost wallet
protections using distributed computing, homomorphic encryption, and a Trusted
Execution Environment (TEE).

Bitget Upgrades Wallets
with Advanced Security Technology

The
technology implemented by Bitget works by dividing private keys into segments
across multiple servers. Transactions can then occur without keys being
revealed in one place. TEE also provides hardware-level security to fortify the
wallet infrastructure. The upgrade
follows Bitget’s ongoing efforts to implement new security solutions. The
company previously launched
an MPC-enhanced wallet to protect users’ digital assets.

“The
upgrade of MPC technology into our wallet is a testament to our commitment to
providing a secure and reliable platform,” said Gracy Chen, the Managing
Director at Biget. Chen added
the exchange wants to continue adopting innovative technologies to keep the
platform secure and reliable.

Bitget Unveils New Smart
Copy and Smart Money Modes

The crypto
exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term has been actively enhancing its offerings with several major updates
over the past year. In 2023, Bitget introduced an upgraded copy trading system