Empowering New Zealand’s largest crypto retailer, Easy Crypto, wallet’s secure and user-friendly non-custodial experience
In the dynamic landscape of web3 and crypto, partnerships are an important driving force fostering innovation and delivering enhanced services to users. Silence Laboratories recently partnered with Easy Crypto, a leading cryptocurrency exchange based out of New Zealand, with operations in Australia and South Africa.
We integrated our cutting-edge MPC product, Silent Shard, into Easy Crypto’s wallet platform enabling higher security and a smoother user experience.
What is Silent Shard?
Silent Shard stands at the forefront of authentication innovation, leveraging Multi-Party Computation (MPC) based Threshold Signature Scheme (TSS) to enhance security and usability. It delivers the industry’s best <10 ms distributed signing speeds.
Easy Crypto’s challenge
Non-custodial crypto wallets, such as Easy Crypto, face a duality of challenges. On one hand is the escalating threat of theft and cyber attacks, stemming from vulnerabilities in the single point of failure of private keys. In addition to this, the complexity and clunky experience associated with seed phrases-based recovery drives users to more centralised solutions. The challenge facing the Easy Crypto team was to deliver a smooth user experience and usable recovery options in a crypto wallet which was both secure and non-custodial.
The Partnership
By integrating the best-in-class Silent Shard MPC product into the Easy Crypto platform, we were able to eliminate the single point of failure associated with private keys managed by users.
At the same time, Easy Crypto wallet users get a smoother and safer experience with encrypted cloud backup. They also enjoy social recovery options which are significantly more user-friendly than managing complex seed phrases.
All this was achieved without compromising the non-custodial nature of the Easy Crypto wallet, meaning that users retain full control of their assets. What’s more, our blazing-fast MPC libraries mean the fastest execution with no additional gas costs.
Results
The collaboration between Silence Laboratories and Easy Crypto has yielded tangible benefits for users, including enhanced security and simplified recovery. In addition, all this was delivered in a few weeks, significantly reducing the time to market for the Easy Crypto wallet and saving development costs. With clear benefits for the end users, the Easy Crypto wallet has achieved a better-than-target adoption rate in the first 4 months since launch.
“SilenceLabs helped us bring our MPC solution to market faster than we could have ever imagined. They are a key partner for us, and their solution and team have been critical in our success.”
Jamil Geor, CTO, Easy Crypto
Way Forward
The collaboration between Silence Laboratories and Easy Crypto exemplifies the synergy between innovative security technology providers and crypto wallets.
Silence Laboratories remains committed to providing cutting-edge and flexible security solutions to Easy Crypto and its users. Together, we’re shaping the future of authentication and security in the web3 wallet space, empowering users with a secure yet easy-to-use, non-custodial experience.
Contact us at info@silencelaboratories.com for further details.
