Distributed Crypto Custody

Distributed custodial solutions allow for control of a transaction to be spread over multiple parties, preventing a single point of failure.

May 06, 2022
Distributed Crypto Custody

Crypto custody is not only responsible for storing private keys (e.g. in software or hardware) but also for deciding the scheme of signing transactions by using private keys. For the self-custody scenario, technically, it could be a significant improvement if distributed custody can be adopted. 

In this article, we define distributed custodial solutions as the ways in which to distribute sole control of a transaction across multiple parties/devices in order to avoid a single point of failure. There are mainly two solutions that achieve this: multi-signature (multisig) and multi-party computation (MPC). We disclose the magic behind them and how general retail investors can access them.

Read the full report: Distributed Crypto Custody



Crypto Custody

crypto research

Crypto.com research


Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with Crypto.com

By clicking the Get Started button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with Crypto.com App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens