Fireblocks integration is almost complete. XUSD is building a signature server and getting mobile apps ready for launch. We have to correct some rather simple language for the trading platform, implement a very short testing phase and launch.
The security aspect of the wallet is the most critical stage. Thankfully we have Fireblocks watching XUSD's back. Fireblocks combines MPC-CMP with hardware isolation to create a multi-layer security technology. This eliminates a single point of failure and insulates digital assets from cyber-attacks, internal collusion, and human error.
Layer 1: MPC-CMP + Multi-cloud
Designed to address new requirements of the digital asset space that have emerged as institutions have entered the ecosystem. MPC-CMP private key protection layer removes the single point of compromise from both external hackers and insiders – as the private key is never concentrated on a single device at any point in time.
Layer 2: SGX
Keys stored in SGX cannot be extracted even if malware or a hacker has control over the server’s OS – as the memory space and the data in the SGX enclave are encrypted.
Layer 3: Policy Engine
The Fireblocks Policy Engine, enables organizations to set up specific approval policies for every transaction. The Policy Engine allows users to configure a list of rules that affect how transactions are handled and approved.
We're all targeting a Happy New Year. Merry Christmas!
XUSD Blockchain Team