Coinbase – a popular cryptocurrency exchange – recently acquired the Israel-based cryptographic security company, Unbound Security. The exchange notes that this gives them an all-new presence in the region, which is “a well-established and rapidly growing technology hub.”
How Unbound Helps Coinbase
Coinbase announced its latest acquisition in a blog post earlier today. The company said Unbound is a first-mover on cryptographic security technology, including a new area called “secure multi-party computation,” or “MPC”. The technology involves advanced mathematics which fosters easier storage and transfer of digital assets. Apparently, Yehuda Lindell – Unbound’s co-founder – is a world leader on MPC.
“Coinbase not only gains access to some of the world’s most sophisticated cryptographic security experts… but also a presence in Israel, a well-established and rapidly growing technology hub,” said Coinbase.
The post outlines that as use-cases for cryptocurrency
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