Algorand Gets Cozy With Crypto Custodian Copper
- Date: 30-Jun-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Algorand Gets Cozy With Crypto Custodian Copper
U.K.-based cryptocurrency custodian Copper has been appointed to provide the safekeeping of assets on the Algrorand blockchain.
Copper, which harnesses a cryptographic key sharding technology called multi-party computation (MPC), will be supporting Algorand's native token, ALGO, as well as Algorand Standard Assets (ASAs), the tokenized representation of other asset types on the proof-of-stake blockchain.
Crypto custodians are adept at adding support for new tokens and coins, and Copper is no exception. Meanwhile, Algorand is supported by a range of specialist custodians such as Coinbase Custody and BitGo.