1. What are the benefits of integrating the MPC technology into Vaultody solutions?
MPC is a cryptographic technique that allows multiple parties to compute a function over their private inputs without revealing the inputs to each other. In the context of cryptocurrencies, this means that private keys can be shared across multiple parties without compromising security.
2. What should I do if I lose access to my Vaultody approver account?
If you lose access to your account, please contact our support team. They will assist you in re-linking your mobile device to your account. For assistance, email
support@vaultody.com.
3. What is the role of “Vaultody Approver" in securing my account?
Vaultody Approver is our mobile application designed to enhance security and provide greater control to account owners. With Vaultody Approver, account owners can approve or reject transactions and system requests. Additionally, they can manage the inflow of assets and oversee organizational role management within their vaults.
4. What happens if Vaultody ceases to exist or there is an emergency?
Your funds remain under your control at all times. Even in the unlikely event that Vaultody ceases operations, clients will still retain full possession of their funds since they are always directly accessible by the client. Additionally, customers can use our recovery tool to regain access to their vaults in case of any unforeseen circumstances.
5. What is KYB (Know Your Business) and why is it necessary?
KYB (Know Your Business) is a mandatory process that all clients must complete to create, manage and receive transactions through our vaults. It ensures compliance with regulatory requirements and secures the integrity of our services.