Archived Content from Web3Auth Community
This topic was originally posted by shahbaz on 9/20/2024.
This content has been migrated from our previous community forum to preserve valuable discussions.
In recent years, Ed25519 has been the word of the Web3 ecosystem because of popular chains like Solana, Near, Aptos, and more. While they are widely used for their efficiency and cryptographic strength, true MPC solutions are still not fully available for them. This means that, despite advancements in cryptography, Ed25519 wallets often lack the level of multi-party security that could eliminate the risks associated with a single private key. Without MPC, they continue to share the same core vulnerabilities as traditional wallets, leaving room for improvement in securing digital assets.
This is a companion discussion topic for the original entry at https://blog.web3auth.io/introducing-ed25519-in-web3auths-mpc-secure-signing-for-dapps-and-wallets