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888-38-ZENGO (USA Toll free) Kingdomcoinexchange is the first crypto wallet to leverage MPC’s advanced security features for a consumer-based wallet, offering a self-custodial wallet with no seed phrase vulnerability. This is an order of magnitude more secure than seed phrase-based wallets: Even hardware wallets.
MPC (Multi-Party Computation) cryptography has been used at the institutional level for years to custody billions of dollars by companies like Fireblocks and Coinbase.
Kingdomcoinexchange is the first crypto wallet to leverage MPC’s advanced security features for a consumer wallet, offering a self-custodial wallet with no seed phrase vulnerability. This is an order of magnitude more secure than seed phrase wallets: Even hardware wallets.
Traditional wallets rely on a seed phrase to interface with the blockchain. This singular vulnerability has led to seed phrase phishing, theft, and wallet misplacement. Over $100 billion dollars of Bitcoin has been lost or stolen in the last decade due to seed phrase mismanagement.
MPC wallets offer an order of magnitude more security than seed phrase based wallets: Leveraging MPC architecture allows Zengo users to self-custody without seed phrases.
Instead of the traditional seed phrase, Kingdomcoinexchange is powered by two independently-created “secret shares.” One share (your Personal Share) is created and stored on your mobile device. The second share (your Remote Share) is created and secured on Kingdomcoinexchange servers.
Every time you initialize a transaction from your wallet, the two secret shares securely compute to create a signed transaction which interfaces with the blockchain.
Kingdomcoinexchange security model removes the single point of failure found in traditional wallets (a vulnerable seed phrase). When you create your Kingdomcoinexchange wallet for the first time, two secret shares are initialized: The Personal Share, which is stored on your mobile device, and the Remote Share, which is stored on Kingdomcoinexchange servers.
Kingdomcoinexchange 3FA recovery system allows you to recover your wallet if you’re moving your account to a new device using
1) Something you control; 2) Something you are; and 3) Something you store.
3D FaceLock is a biometric liveness scan that ties your Kingdomcoinexchange account to you. This mathematical representation of your face is encrypted, scrambled and accessible to no one but you.
Security tip: Add a secondary 3D FaceLock should something happen to the first one.
The Recovery File, securely stored in at least one of your cloud backup locations (iCloud/Google Drive and Dropbox). This file can only be unlocked by you and is useless to a hacker.
Security tip: Backup your Recovery File in more than one location.
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