What is OpenBlock wallet?
Openblock wallet is a type of wallet that applies multiparty secure computing technology to the process of creating blockchain wallets, and the main difference between MPC wallet and other wallets is the difference in its Distributed Key Generation method. The private key is generated in a Distributed Key Generation (DKG), which directly generates different private key slices on the user side and the server side, and the multi-party security is reflected here.
What problem does Open block solve?
Many cryptographic logics require an initialized private key in the encryption process, and this private key is usually generated and managed by a trusted third-party authority, which poses security problems such as single point of failure and private key escrow.
OpenBlock distributed key generation aims to solve the reliance on trusted authorities, making it free from dependence on trusted third parties by computing a shared set of public and private keys with the participation of multiple parties.
What can OpenBlock be used for?
OpenBlock can be used to buy crypto via MoonPay Ramp and others.
Who can use OpenBlock?
OpenBlock is available for all crypto users
How to get started
Visit OpenBlock official website and click on Login/Register, enter your Email address as your account ID, enter a six-digit verification code retrieved from your Email. Now you are able to see the OpenBlock’s dashboard and start exploring