How to pay lower gas fees as a crypto native business?
If your entity has a crypto asset custody and want to explore ways to minimize gas fees ↓ and maximize speed and privacy ↑, read below.
→ Prefer MPC over Multisig !!
What is MPC?
A secure multi party computation (MPC) ensuring a complete private key never exists on a single device. The key is split into multiple pieces to sign a transaction, where all parties work together mathematically to produce a valid signature without ever revealing their pieces.
How is it different from Multisig? and What lacks in Multisig ?
Multisig requires requires a specific M of N private keys to cosign a transaction, asking for multiple signatures from separate private keys stored on different devices.
⚠️ This leads to higher gas fees, less privacy and slower process to sign a transaction.
Depending on your requirement for crypto custody, choose works best for you, such as:
Custody 1: Single key wallet – for individuals, small teams.
Custody 2: Multisig – shared control with few, more governance, DAOs.
Custody 3: MPC – large volume of transactions, scalability, security and efficiency with lower gas for structured enterprises. Needs more technical setup.
Read more: https://safeheron.com/blog/the-evolution-of-crypto-custody/
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