👛Hopper Wallet

Hopper Wallet is a state-of-the-art multi-party computation (MPC) wallet designed to provide unparalleled security and user experience for cryptocurrency management. By distributing private keys across multiple devices or parties, Hopper Wallet mitigates the risks associated with single-point-of-failure vulnerabilities common in traditional wallets. This whitepaper delves into the technical underpinnings, security features, and benefits of Hopper Wallet, positioning it as a leading solution for secure cryptocurrency storage and management.

Technical Overview

MPC Protocol: Hopper Wallet employs a robust MPC protocol that enables multiple parties to jointly compute cryptographic operations without revealing their individual inputs. This ensures that the private key is never exposed in plaintext, significantly enhancing security.
Key Distribution: Private keys are divided into multiple shards, which are then distributed across different devices or parties. To authorize a transaction, a quorum of these parties must agree and sign the transaction.
Threshold Signature Scheme: Hopper Wallet utilizes a threshold signature scheme, allowing for flexible key management and recovery. This enables users to customize the level of security based on their specific needs.

Security Features

Distributed Key Storage: By distributing private keys across multiple devices, Hopper Wallet eliminates the single point of failure that plagues traditional wallets.
Tamper-Resistant Hardware: Hopper Wallet can be integrated with tamper-resistant hardware security modules (HSMs) to further enhance security and protect against physical attacks.
Secure Communication: Hopper Wallet employs secure communication protocols to protect data transmitted between devices and parties.
Regular Security Audits: Hopper Wallet undergoes regular security audits by independent third-party experts to identify and address potential vulnerabilities.

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Last updated 4 months ago

Technical Overview

MPC Protocol: Hopper Wallet employs a robust MPC protocol that enables multiple parties to jointly compute cryptographic operations without revealing their individual inputs. This ensures that the private key is never exposed in plaintext, significantly enhancing security.

Key Distribution: Private keys are divided into multiple shards, which are then distributed across different devices or parties. To authorize a transaction, a quorum of these parties must agree and sign the transaction.

Threshold Signature Scheme: Hopper Wallet utilizes a threshold signature scheme, allowing for flexible key management and recovery. This enables users to customize the level of security based on their specific needs.

Security Features

Distributed Key Storage: By distributing private keys across multiple devices, Hopper Wallet eliminates the single point of failure that plagues traditional wallets.

Tamper-Resistant Hardware: Hopper Wallet can be integrated with tamper-resistant hardware security modules (HSMs) to further enhance security and protect against physical attacks.

Secure Communication: Hopper Wallet employs secure communication protocols to protect data transmitted between devices and parties.

Regular Security Audits: Hopper Wallet undergoes regular security audits by independent third-party experts to identify and address potential vulnerabilities.