Utila's MPC-ECDSA Protocol: A Deep Dive
Our product utilizes several MPC protocols for tasks such as distributed key generation, distributed signing, and key rotation/refresh. One of the most complex tasks we handle is computing a threshold ECDSA signature for distributed signing.
This process aims to sign a transaction privately, ensuring that neither Utila nor the client learns the other party’s share of the private key. The challenge with ECDSA lies in its non-linear structure, which complicates decentralization for MPC protocol designers.
Numerous protocols have been suggested in the literature to tackle this task. In this blog post, our Cryptographer Gilad Asharov reviews the main protocols and explain the design considerations that influenced our choice.
⏩ Read the full article here:https://t.co/EGHfkfHpFW
#MPC #BlockchainSecurity #CryptoTransactions
Welcome aboard, Josh! 🎉
We're thrilled to welcome Joshua Weiss, as Utila's first-ever Head of Sales! 💪
Josh is a web3 veteran, boasting a stellar track record in sales & partnerships functions. His deep understanding of the institutional crypto space makes him the perfect leader to spearhead Utila's sales strategy and propel our growth to the next phase. 🚀
Please join us in giving Josh a warm Utila welcome! 👏
#Hiring #SalesLead #Utila
🔥 Introducing Batch Transfers for Ethereum Mainnet!
Utila now supports batch payments of ETH and ERC-20 tokens. Whether you're managing multiple transactions or sending out tokens in bulk, our batch transfer feature streamlines the process for unparalleled efficiency.
💸 Save Time & Money: Effortlessly send ETH or any ERC-20 token to multiple recipients with a single transaction. Say goodbye to repetitive individual transfers and hello to significant gas fee savings!
⚡️ Flexible & Convenient: Choose your destination method – easily select recipients directly within the Utila interface or effortlessly upload a CSV file for bulk transfers.
🔗 Also available via API: Enjoy the flexibility of accessing this feature also through our robust and intuitive API, catering to diverse user needs.
💯 Ideal for payroll & reward distribution, affiliate payouts or bulk transactions.
Watch the walkthrough video to see it in action! 🎥
Book a demo: https://t.co/PCHDEZBAZM
#Blockchain #Ethereum #Crypto
📢 Utila Heads to Hong Kong! 🇭🇰
Catch us at Web3 Festival HK and Liquidity 2024!
We are excited to be attending two key events in Hong Kong in the next few days: Web3 Festival Hong Kong and Liquidity 2024. 🎉
From April 4th to 9th, we'll be there to network with fellow innovators and thought leaders in the digital asset space. 🗓️
Let's connect and discuss how Utila's institutional crypto operations platform can streamlines digital asset management for your organization.
If you're attending either event, reach out to [email protected] to schedule a meeting! 🤝
#Web3FestivalHK #Liquidity2024 #DigitalAssets
🔥 Announcing another powerful new feature 👇
Multiple Bitcoin Deposit Address Management 📊
Utila's Web Console UI now allows you to generate and manage multiple unique Bitcoin deposit addresses within the same wallet.
This innovative feature streamlines your Bitcoin deposit workflows effortlessly and brings greater efficiency and control to your Bitcoin transactions.
Here's how it benefits you:
🌟 Enhanced Organization: Generate unique deposit addresses for different purposes (e.g., invoicing clients, personal deposits).
📉 Improved Tracking: Easily track deposits associated with specific addresses for better accounting and record-keeping.
🔒 Security Optimization: Leverage fresh addresses for each transaction, potentially reducing the risk of compromise.
Utila empowers you to manage your Bitcoin assets with greater flexibility and control. Watch the demo video below to see it in action. 🎥
Stay tuned for more exciting features on the horizon!
#Bitcoin #Cryptocurrency #Utila
📣 Announcing a new partnership with Rabby wallet! 🎉
@Rabby_io , the game-changing wallet for Ethereum and all EVM chains by @DeBankDeFi , is now seamlessly integrated with Utila's institutional crypto operations platform. ⚡️
What this means for you:
🔗 Smooth Multi-chain Experience: Automatically switch between supported blockchains based on the dApp you're using
🔍 Transparency Before Signing: See exactly what you're approving before you sign any transaction, including the estimated balance change
🛡️ Enhanced Security: Built-in security engine performing pre-transaction checks to safeguard your assets.
🌐 Extensive Chain Support: Rabby has integrated almost 150 blockchains
All Utila users can now seamlessly connect to Rabby Wallet and navigate the Web3 ecosystem with greater ease and confidence! 🔥
#Utila #RabbyWallet #Partnership
🚀 Heading to ETH Denver?! 🇺🇸
Meet Utila's Co-founder & CEO, @bentzzi at ETH Denver from Feb 28 to Mar 3rd!
Utila streamlines digital asset management & crypto operations for institutions:
✨ Secure, non-custodial, chain-agnostic enterprise wallet platform
✨ World-class security with MPC key management
✨ Granular control with our powerful policy engine
✨ Manage assets across chains, wallets, & users
✨ Build any application atop our secure infra
Interested in exploring how Utila can benefit your organization❓
DM us to book a meeting now. 📩
We're thrilled to connect with prospects, customers, & partners at the event. 🤝
See you all at #ETHDenver! 🌐✈️
#crypto #web3 #wallets
🚀 Introducing Tokenization on Utila! 🚀
We're thrilled to introduce another powerful addition to Utila - Tokenization 🌟
🔗 What is it?
Utila now empowers you with secure token minting and burning for a variety of assets. Utila's robust MPC security features and flexible policy engine ensures complete control over the process.
The mint and burn actions are seamlessly governed by our policy engine, ensuring airtight security and visibility. You can view & approve the mint and burn actions in the transactions page of your Utila vault.
🌐Here's a quick glimpse into how it works::
1️⃣ Import the Contract: Easily import the tokenization contract into your Utila vault.
2️⃣ Designate Minting Admin: Assign a wallet as a minting admin, granting the ability to mint and burn tokens from the Utila platform.
3️⃣ Token Minting: Effortlessly mint tokens into another wallet or external address.
4️⃣ Policy-Driven Approval: Utilize the Utila policy engine to confirm the minting action.
5️⃣ Token Burning: Effortlessly burn tokens from a specific wallet & use the policy engine to approve.
6️⃣ MPC Signing: Sign the mint and burn transaction using Utila's trademark MPC signing mechanism.
❓ Why Tokenize with Utila?
🛡️ Enhanced Security
🌐 Transparent Process
🔄 Effortless Transactions
👀 Watch the walkthrough video below to see it in action!
Ready to elevate your crypto ops? Book a demo: https://t.co/PCHDEZC8Pk
#Utila #ProductUpdate #Tokenization
🚀 Exciting News: Utila Now Supports Solana! 🌐🔗
We have now officially integrated with @solana , adding another powerful blockchain to our ecosystem & unlocking new possibilities for our users.
Solana is a PoS blockchain built for mass adoption. It is fast, composable, green, and globally distributed, with some of the lowest transaction costs in the industry.
Our customers can now utilize all the powerful features of Utila for any asset and DeFi interactions on Solana, secured by our enterprise-grade MPC key management and transaction policy engine.
Book a demo: https://t.co/PCHDEZBAZM
#solana #blockchain #integration #cryptowallet
@DannyLeshem@opher50 אחלה ניתוח אבל לדעתי קשה לשים את קריפטו ברשימה של התחומים פה, מאחר והקונה הרבה פעמים הוא לא CISO, למעשה ברוב המקרים, וגם שאלת גודל השוק יותר רלוונטית.
התנאים הייחודיים של חברות סייבר לא באמת מתקיימים שם.