yuga.eth
@yuga
Today is a significant milestone for our team at Coinbase, as we launch Wallet-as-a-Service (WaaS) on Ethereum Mainnet. We believe this product will be pivotal in the next wave of enterprises becoming "onchain by default." A quick tour of 5 key features WaaS has to offer:
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yuga.eth
@yuga
1. MPC-based key management WaaS uses state-of-the-art multi-party computation (MPC) to secure your private keys. Both key generation and message signing use MPC to allow for the maximal security properties of these decentralized algorithms.
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yuga.eth
@yuga
2. Key export, back-up, and recovery New in this release are the following capabilities: - Full export of your private keys for use in any wallet - Back-up of your private keys through secure encryption - Recovery of your private keys in the case of device loss
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yuga.eth
@yuga
2. (cont.) Combined with our MPC-based key management, these features make WaaS the perfect solution for companies seeking a balance between the regulatory burdens of custody and the operational perils of self-custody. You can read more here:
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yuga.eth
@yuga
3. Ethereum Mainnet access Until today, we only offered access to test blockchian networks. Now, the full Ethereum L1 ecosystem and its $28B of TVL are open to WaaS developers. Of course, we are planning to support even more networks in the future - stay tuned.
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yuga.eth
@yuga
4. MPC Transaction Orchestration A unique feature of WaaS is the MPCTransactionService, which implements a complex state machine to fulfill MPC-signed transactions from construction all the way to confirmation. It handles re-orgs, replacements, retries, and more. Try it out!
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yuga.eth
@yuga
5. ERC-721 and ERC-1155 support Your favorite NFTs likely adhere to one of these two standards. With our WaaS APIs, you can mint your PFP NFT, distribute fan loyalty points, or create your in-game item with just a few REST API calls.
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