币圈王百亿
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Many people do not know the benefits of Binance's non-custodial wallet until their own wallet is stolen, and tears flow down, then they remember Binance's non-custodial wallet.
Binance, Binance, the wealthiest in the crypto world is safe.
A brief introduction to the benefits of Binance's non-custodial web wallet:
The Binance Web3 wallet does not require users to memorize and keep traditional private mnemonic phrases or private keys; it mainly uses Multi-Party Computation (MPC) technology to ensure security and implement wallet functionalities. The principle is as follows:
Key Shard Generation and Storage: When users create a Binance Web3 wallet, the system uses MPC technology to generate three independent key shards. Among them, shard 1 is securely stored by Binance; shard 2 is stored on the user's device; shard 3 is encrypted using a recovery password entered by the user and backed up to the user's cloud storage, such as iCloud or Google Drive.
Access and Authorization Mechanism: To access the Web3 wallet, users must possess at least two wallet key shards. This means that even if one key shard is compromised, the remaining keys are still securely encrypted, and attackers cannot access the user's assets with just one shard.
Transaction Management: MPC technology is used to manage each transaction, where multiple parties jointly sign and verify transactions rather than relying on a single private key signature. This reduces the risk of a single point of failure and ensures the security and integrity of transactions.
Security Detection and Protection: The Binance Web3 wallet also features enhanced security functions such as error address protection and malicious contract detection. If there are security risks in the transactions involving tokens or blockchain, the wallet will promptly notify users to prevent them from falling victim to scams or asset losses.
Binance, Binance, the wealthiest in the crypto world is safe.
A brief introduction to the benefits of Binance's non-custodial web wallet:
The Binance Web3 wallet does not require users to memorize and keep traditional private mnemonic phrases or private keys; it mainly uses Multi-Party Computation (MPC) technology to ensure security and implement wallet functionalities. The principle is as follows:
Key Shard Generation and Storage: When users create a Binance Web3 wallet, the system uses MPC technology to generate three independent key shards. Among them, shard 1 is securely stored by Binance; shard 2 is stored on the user's device; shard 3 is encrypted using a recovery password entered by the user and backed up to the user's cloud storage, such as iCloud or Google Drive.
Access and Authorization Mechanism: To access the Web3 wallet, users must possess at least two wallet key shards. This means that even if one key shard is compromised, the remaining keys are still securely encrypted, and attackers cannot access the user's assets with just one shard.
Transaction Management: MPC technology is used to manage each transaction, where multiple parties jointly sign and verify transactions rather than relying on a single private key signature. This reduces the risk of a single point of failure and ensures the security and integrity of transactions.
Security Detection and Protection: The Binance Web3 wallet also features enhanced security functions such as error address protection and malicious contract detection. If there are security risks in the transactions involving tokens or blockchain, the wallet will promptly notify users to prevent them from falling victim to scams or asset losses.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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