Transaction costs on the Ethereum blockchain are at record highs, and no one will let you forget it. Reports often detail how decentralized finance platforms are the cause of ever-rising gas fees — tokens paid to miners who confirm and enable transactions on the Ethereum blockchain. Yes, DeFi does play a role, but the problem is institutional.
Some exchanges, custodians and asset managers have been using multisignature platforms to secure their digital assets. Several years ago, multisig was viewed as a respected attempt to prevent private keys from being compromised. Despite initial adoption, numerous shortcomings have made institutions both question and transition from the multisig approach, in many cases replacing it with multiparty computation, or MPC, infrastructure.
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