Since 2020, the total amount of money hacked in Web3 is 6.19 billion dollars. In particular, Private Key compromised hacks took away more than 400 million dollars from the crypto market in 2022 alone.

From ImToken’s most recent crypto wallet report, we noticed a trend in crypto users’ fear of security. 29% of users fear their wallets being hacked. 18% fear losing their wallets by their own mistake. 40% are willing to pay up to $100 for a new solution to solve all existing issues with their wallet. 51% are willing to switch to a new brand with added security, in the form of multi-factor authentication.

We are only at the start of 2023 now, and the Web3 market already lost over 180 million dollars over 155 hacks. This situation is why we decided to build Desig Protocol - a blockchain-agnostic multisig solution.

Desig divides the master key into shares and gives each signer a share to keep. When someone proposes a transaction, each signer will use their key shares to approve or reject. If Desig collects enough approvals, the key shares will be combined into a valid master key. This way, even if one signer’s key share is compromised, the attacker won't be able to recreate the whole master key. Signers can also be added or removed easily. The key shares are automatically sent to all members added, so no time is wasted.

There are no differences between Desig’s combined signature and other single-key wallet’s master key signature. Since all DApps are designed to be compatible with standard single-key wallets, naturally, Desig is compatible with all DApps.

By applying TSS off-chain, Desig is smart contract-less, so there is no point of failure to exploit and no fee is charged in the process. Due to its blockchain-agnostic nature, Desig is naturally scalable. It doesn’t rely on smart contracts, which means no devs are required to bridge Desig to any new chain.

To learn more about Desig and what services we may bring, follow our Twitter: