The Bitcoin Association today announced that the institutional-grade virtual asset security platform of Curv will be providing reinforcement to Bitcoin Satoshi Vision (BSV). Curv using its innovative keyless cryptography will be helping BSV protect digital assets.
Jimmy Nguyen, Founding President of Bitcoin Association announced,
We have secured another partner for the Bitcoin SV ecosystem that ensures BSV institutional users gain multi-signature wallet functionality and can use large-scale applications on top of the Bitcoin SV blockchain, without needing to compromise on security and flexibility.
He was happy that “Curv’s protocol-agnostic approach” gave organizational users the liberty to expand the scope of BSV utility.
Curv provides a mathematically fortified method to approve and sign transactions on the blockchain network; this has led to the elimination of the only loophole presented by private keys. Curv has additionally acquired virtual asset insurance protection for its clients for a maximum amount of $50 million from Munich RE. It is till now the only Multi-Party Computation (MPC) virtual asset wallet platform to receive SOC2 Type II status. All these features make it the market leader in its field and also the most desirable digital wallet service provider for exchanges, OTC desks, lenders, brokers, and traditional asset managers all over the world.
Bitcoin Association, the industry union, backs Bitcoin SV and is working on expanding the infrastructure of the ecosystem. In this endeavor, the Bitcoin Association was looking for a supplementary security provider as it was unsure of the security feature provided by the blockchain. At the same time, it did not want to be restricted by rules, like the necessity to support the Pay-to-Script Hash (P2SH) transaction, which has been eased out of the Bitcoin SV system.
Technology solution of Curv supports Bitcoin SV for multi-signature transactions although it does not use P2SH as Curv gives users the facility to securely trade and manage all kinds of virtual assets on ECSDA as well as EDDSA blockchains. The dominant flexible feature in Curv’s platform is because of its revolutionary Multi-party computation (MPC) protocols; it allows the transactions to be verified and approved off-chain in a secure environment, thus eliminating the requirement of private keys.
Curv’s COO Josh Schwartz was very excited about another big name getting added to their growing list of clients. He said that the company feels that the clients “should feel empowered to let the market dictate the assets they choose to support and not be limited by their wallet provider’s capabilities”.