Here we inform you about the advantages and risks of using the MPC (Multi-Party Computation) Wallet as follows :

The main advantages of MPC wallets include :

• Stronger Security : Private keys are never stored entirely in one place, reducing the risk of key theft.
• Flexibility in Asset Management : MPC wallets allow multiple parties to be involved in the asset management process, making them ideal for institutional investors who require more control and security.
• Reduced Point of Failure Risk : By distributing key pieces across multiple locations, MPC wallets eliminate the potential single point of failure that is often a gap in traditional wallet systems.

However, there are some risks that need to be considered :

• Implementation Complexity : Adopting MPC technology requires deep technical expertise, which not all users possess.
• Operational Costs : The use of MPC wallets can require more intensive communication and coordination between parties, increasing operational costs.
• Limited Interoperability : Not all MPC wallets support open-source systems or are compatible with other systems, so integration into the wider crypto ecosystem can be challenging.