Seedless multichain management: Vultisig integrates Maya Protocol

Vultisig integrates Maya Protocol, enhancing its multi-signature wallet with seedless security, cross-chain trading, and improved privacy. Discover how this upgrade transforms crypto asset management.

November 16, 2024

Key Takeaways:

1. Vultisig uses Threshold Signature Scheme (TSS) to eliminate seed phrases, enhancing security and usability across devices with multi-signature capabilities.

2. The integration of Maya Protocol enables seamless cross-chain swaps and DeFi management.

3. Vultisig maintains privacy with offline multi-party computation and provides an open-source, transparent platform for managing assets, catering to both individual and institutional users.

Vultisig has integrated Maya Protocol, bringing new capabilities to its multi-signature wallet. This integration enhances the wallet's functionality, providing users with improved security, convenience, and crosschain trading options. Keep reading to find out more!

What is Vultisig?

Vultisig is the first native multi-signature wallet utilizing the Threshold Signature Scheme (TSS). This novel approach to asset management eliminates the need for seed phrases, a common barrier preventing many users from entering the crypto world. Instead, Vultisig offers a multi-device application with built-in multi-factor authentication, setting a new security standard for multi-chain wallets.

Core functionalities:

  1. Seedless Wallet: By using TSS, Vultisig eliminates the need for seed phrases, increasing security without compromising usability.
  2. Multi-Device & Multi-Signature: Secure your crypto assets across multiple devices with built-in multi-signature capabilities, ensuring no single point of failure.
  3. Secure Transactions: Vultisig's remote signing process ensures funds are protected against hackers and compromised or lost devices.
  4. DeFi Management: Access a wide range of DeFi functions and assets (BTC, ETH, Dash, Kuji, Rune, etc.), including swaps, sending, and LP management, directly from the Vultisig vault.
  5. TSS Protocol: The wallet never exposes the private key because it is never actually constructed. The key signing ceremony is performed with a zero-knowledge proof of the vault shares, where only a threshold of shares can sign a transaction.
  6. Anonymity: Leveraging smart devices and the TSS protocol, Vultisig preserves privacy without the need for a hardware wallet alternative. Offline multi-party computation maintains privacy on the blockchain without exposing the wallet as a multi-sig wallet.
  7. Open Source: Vultisig is developed in the public domain, prioritizing transparency and community.
  8. Multi-Chain Support: Manage your Bitcoin, Ethereum, and altcoin assets seamlessly with native support for all major blockchains.

Who can benefit from Vultisig?

Vultisig is designed for a wide range of users, from small retail investors to large funds, DAOs, and institutions. Their goal is to provide every crypto user with improved security and ease of managing their assets.

What sets Vultisig apart?

Vultisig stands out from other wallets by eliminating seed phrases, incorporating built-in multifactor authentication, and enabling access to all major blockchains under one wallet. Its open-source development ensures transparency and trust, making it an ideal choice for storing valuable assets in self-custody.

How does Maya Protocol integration enhance Vultisig's capabilities?

The integration with Maya Protocol expands Vultisig's user base and functionality. It enables a wider array of swap routes across various blockchains, allowing users to interconnect with chains like Kuji, Dash, and Arbitrum, seamlessly within a single wallet. Users can now perform cross-chain swaps without moving funds between different wallets, improving convenience and reducing transaction times and fees. This integration strengthens Vultisig's market position by providing a more versatile and user-friendly experience, fostering greater adoption and trust among users.

Current Features 

  • Intuitive UI for easy wallet management without seed phrases.
  • In-wallet swaps across multiple blockchains enabled by THORChain, Maya Protocol, and 1inch.
  • Seamless sending and receiving of crypto assets with multi-factor authentication protection.
  • Message deposits for THORChain and Maya.
  • Multi-device support for easy management of funds or DAOs with multiple people.

Planned Enhancements

  • Extending support to more platforms, including Windows, and ensuring apps are available in all app stores.
  • Upgrading the TSS protocol to improve signing speed and enhance vault management capabilities.
  • Releasing the Vultisigner feature to enable co-signing capabilities and integration with dApps and interfaces.
  • Adding support for more blockchains and improving overall ease of use.

The integration of Maya Protocol with Vultisig is a game-changer, bringing new levels of functionality and security to our users. Stay tuned for more updates as we continue to innovate and enhance your crypto asset management experience.

Additional resources: 

Maya

Website

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Discord

Docs

Vultisig

Website

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Discord