Gate Founder Shares Security Strategy: Preventing Single-Party Access to Funds. The founder of Gate believes that both exchange-custodied and user-held private keys pose single points of failure risks and proposes the Vault solution: using MPC to shard private keys and distribute them to user devices, Gate, and a third-party disaster recovery provider, preventing any single party from accessing funds independently. Transfers have a 48-hour delay during which users can freeze their funds. Gate states that users can recover their assets with the help of the other two parties after completing authentication; even if Gate services are unavailable, assets can be recovered through devices, third-party sharding, and open-source tools. Read the full article: https://(wublock123.com)/articles/gate-founder-on-security-no-single-party-control-of-funds-59761