Security and Usability

The two-party protocol is designed for simplicity and security. The system has two roles: Users (who are the signers) and the wallet Provider (who assist in computations). Users always control their assets, and no transaction can happen without them.

The OPZ app introduces a wide range of backup options, prioritizing self-custody and secure key recovery. However, we anticipate that this will never be used in the vast majority of cases. To further simplify the user experience, OPZ also offers an extremely simple restore-from-backup method.

Backup Methods

  • Backup Recovery Key using 2FA

  • Encrypted MPC Key stored in any NFC device

  • iCloud/Google Cloud

  • Manual backup Methods

Ensuring Full Control to Owners:

A key feature of the wallet is that at any point in time, the Owner can recover the full private key. This is achieved through an advanced settings mode.

pageAdvanced Settings

Once enabled, navigate to "App Preferences" and click on "Backup your private Key." Follow the steps by entering your password and 2FA details to complete the backup process.

Backing up a full private key poses security risks!

While we provide the option to back up your full private key, we strongly advise against this due to the security risks associated. Your private key gives full control to your wallet; if lost or stolen, it could lead to losing your digital assets.

Last updated