How is my stuff safe?

At Pig.gy, we take your security seriously. We use the latest tech, like Multi-Party Computation (MPC) and Elliptic Curve Cryptography (ECC), to ensure your assets are always protected. MPC splits transaction signing authority among multiple parties, reducing the risk of centralized control, while ECC provides robust encryption to safeguard your digital transactions.

Let’s delve deeper into the security measures we employ to keep your Bitcoin safe and why you can trust Pig.gy with your valuable assets.

Multi-Party Computation (MPC)

One of the cornerstone technologies we use is Multi-Party Computation (MPC). In traditional systems, a single entity typically holds the private keys necessary to authorize transactions. This centralization can be a point of vulnerability, as it presents a single target for potential attackers. MPC revolutionizes this by distributing the transaction signing process across multiple parties.

Here’s how it works:

1. Distribution of Authority: Instead of a single point of control, MPC divides the transaction signing authority among several independent parties. Each party holds a portion of the private key.

2. Collaborative Signing: For a transaction to be authorized, a certain threshold of these parties must collaborate to generate the signature. This means that even if one party’s portion is compromised, it’s insufficient for unauthorized access.

3. Enhanced Security: By removing the single point of failure, MPC significantly enhances security, making it extremely difficult for malicious actors to breach the system.

Elliptic Curve Cryptography (ECC)

Alongside MPC, we employ Elliptic Curve Cryptography (ECC) to provide robust encryption for your transactions. ECC is a form of public key cryptography that offers high levels of security with relatively small key sizes, making it both powerful and efficient.

Key benefits of ECC include:

1. Strong Encryption: ECC provides a higher degree of security per bit of key size compared to other cryptographic methods. This means stronger protection with less computational overhead.

2. Efficiency: Due to its efficiency, ECC is well-suited for mobile devices and applications where computational power and battery life are concerns.

3. Secure Transactions: ECC ensures that all your digital transactions are encrypted and safeguarded against potential threats, maintaining the integrity and confidentiality of your Bitcoin transfers.

Additional Security Measures

Beyond MPC and ECC, Pig.gy incorporates a comprehensive suite of security features to protect your assets:

• Passwordless Login: Utilizing passkey technology, we eliminate the risks associated with traditional passwords, providing a seamless and secure login experience.

• Proof of Funds: This feature ensures transparency and trust by allowing users to verify the total amount of Bitcoin under Pig.gy’s custody at any time, showcasing our commitment to financial integrity.

• Cold Storage Solutions: For the ultimate in security, we use multisignature cold storage to store the majority of user funds offline, away from potential online threats.

Commitment to User Safety

At Pig.gy, your safety and security are our top priorities. We continuously monitor and update our security protocols to stay ahead of potential threats. Our dedicated security team works tirelessly to ensure that your Bitcoin is protected by the latest and most effective technologies.

In conclusion, Pig.gy is designed with a multi-layered security approach, combining the strengths of MPC, ECC, and other advanced technologies to provide you with peace of mind. Your digital assets are safe with us, allowing you to focus on saving and managing your Bitcoin without worry. Welcome to a world where your financial security is handled with the utmost care and expertise, only at Pig.gy.