A few days ago, HyperPay wallet introduced TSS (Threshold Signature Scheme) advanced cryptography technology, and was the first to implement it in HSM (Hardware Security Module).
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HyperPay has fully implemented the ECDSA TSS solution and applied it in HSM. Through the encrypted interaction of multiple HSMs, the final signature is jointly calculated, which saves the on-chain multi-signature fees and avoids the on-chain multi-signature loopholes. It is the first time in the industry that combines TSS and HSM technologies to create the highest security level of off-chain products and wallet. HyperPay will maintain the unremitting pursuit of security technology in the subsequent business development, and maintain the security of the business operating environment.
Digital assets, a form of currency based on computer information technology, came into being due to the development of modern information technology and application. It improves transaction security because of its characteristics such as traceability, anti-counterfeiting, and anti-tampering, and has developed rapidly based on the government-encouraged blockchain technology.
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However, the security accidents of blockchain digital assets are on the rise, caused by miscellaneous reasons, so the management and security problems of large assets have become the enduring focus in the industry.
Since the underlying logic of the public chain and smart contract may have loopholes, hackers may be lurking in them, waiting to steal the assets on the chain. Once the assets on the chain are stolen, the possibility of recovery is small, and it is clear that using multi-signature to protect the security of assets can no longer kept up with the needs of technological iteration.
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