Penta Security, a leading cybersecurity company in Korea, announced the release of its exclusive MPC (Multi-Party Computation) solution that runs on a cryptographic protocol which operates computations based on the consensus of multiple parties. This not only secures transactions, but allows cryptographic keys to be stored and shared safely for the protection of sensitive data.
With a robust signature function that complements vulnerabilities of the existing multi-signature solution, MPC eliminates Single Point of Failure (SPOF) and provides the strictest security with a scaled-up digital signature mechanism that prevents the outflow of private keys. By leveraging its unique computation process, the solution can also be applied to multiple environments that require multilateral agreements for cryptographically validated consensus processes where high-level security is in great demand.
