As part of revamping of its private key infrastructure in response to the incident, Roll is integrating with crypto custody firm Fireblocks to secure the platform.
Roll co-founder Sid Kalla said in an email that Fireblocks’ multiparty computation (MPC) wallet infrastructure will let Roll securely sign transactions without storing the private keys in a single place.
“This greatly improves our operational security as we move forward,” he said, adding:
MPC allows for large pools of data to stay encrypted while permitting information to be extracted from those data pools using encrypted computations. Fireblocks emphasizes its ability to handle a high level of transactions on Ethereum with low fees.
Roll CEO and co-founder Bradley Miles said Roll is working hard to revamp its security infrastructure. He also said Roll is releasing a new version of Roll smart contracts that are currently under audit from two separate firms.
“The vision of these new contracts is to blend DeFi [decentralized finance] and the creator economy through social money,” he said. “We feel what we call the ‘DeFi Creator Economy’ can eventually eclipse the traditional creator economy in market size.”
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