Wallet of the Week: Qredo

Taking your first steps into web3 can be overwhelming, with a plethora of wallet choices at your fingertips. In our “Wallet of the Week” series, we put the spotlight on one wallet and share why we think they’re worth checking out.

Navigating the ins-and-outs of MPC with Qredo

Ever come across the acronym “MPC”? It stands for multi-party computation, a cryptographic tool that spreads the signing process across several devices, oftentimes controlled by a centralized entity. In doing so, MPC greatly mitigates the risk of private keys being compromised by loss or theft, boosting security significantly.

As an MPC wallet, Qredo takes MPC one step further to deliver distributed multi-party computation, where the signing process is spread across multiple independent nodes in an L2 network.

The Qredo wallet (register here) is composed of two components: the web app, which is an asset management interface that allows you to create your account and manage transactions, and the mobile app, which allows you to sign, approve, or reject transactions.

Everyone from individuals and small teams to large corporations can use Qredo and enjoy:

• Intuitive charts to help you manage your portfolio
• Full documentation and reporting, with the ability to automatically generate, view and export transaction and policy reports
• Easily configurable team roles and flexible onchain policies, allowing you to create customizable, scalable governance protocols to protect your digital assets

What’s next?

Qredo currently enables access to all EVM-compatible chains, and is working on the next frontier — support for Cosmos!

To find out more about Qredo, check out their Twitter and website. To discover other wallets in the WalletConnect ecosystem, head on over to our Explorer and start browsing today.