Cryptosat, Dfns Labs Break Boundaries With Crypto Keys In Low-Earth Orbit

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Cryptosat has joined forces with Dfns Labs, the research division of web3 wallet infrastructure and security firm Dfns, to develop and test a so-called “Space Wallet.” The wallet, engineered to safeguard high-value transactions, utilizes an innovative threshold signature scheme with a satellite as a co-signer to thwart physical access-based attacks. Threshold signature schemes distribute private key shares among multiple signers, all of whom must approve a transaction for it to be validated, which according to the company, reduces the risk of a single point of failure. See Also: Str…

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