In comparison to Calibra, ZenGo’s wallet is non-custodial, and will not feature the overlords of Facebook supervising what individual users do with their money. ZengGo highlighted that, unlike Calibra that is expected to be regulated, they will not demand any KYC checks, allowing users to remain mostly anonymous.
Moreover, the company says that by using a Threshold Signature Scheme (TSS), a key splitting technology, the user does not have to manage private keys. ZenGo distributes the secret between the user’s device and the ZenGo server, thus relieving users from the burden of managing their own private key while ensuring that the server cannot unilaterally spend the user’s money.
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