Unlike multi-sig wallet technology, Fireblocks MPC-CMP is blockchain agnostic and is native to Ethereum. The cost of scaling a retail-facing business with MPC is significantly lower for Ethereum wallet creation, deposit address creation, and token transfers.
Why is MPC more cost-effective than multi-sig for Ethereum?
Multi-sig generates Ethereum addresses on-chain, but MPC allows you to create them off-chain. That reduces wallet creation, deposit address creation, and transaction costs. For example, based on April 2021 ETH gas fees, customer deposit address creation costs $64 less with MPC.
Download the info sheet for more details on how we calculate Ethereum cost savings.