Fireblocks announces it has developed a new MPC (secure multi-party computation) algorithm that pushes digital asset transaction speeds up to 8X faster than what’s currently possible.
Fireblocks’ new protocol, called ‘MPC-CMP,’ is based on and surpasses the speed of Gennaro and Goldfeder’s protocol, a current industry standard for MPC, and Lindell et al.’s protocol. Starting today, all digital asset custodians and MPC vendors can access Fireblocks’ MPC-CMP protocol and use it for free as Fireblocks will not be applying for patents on this technology.
