MPC Quorums

In order to create an MPC wallet, you must first create a quorum to securely distribute the shards of the wallet key.

Create a quorum

Navigate to the ‘Controls’ section of the Palisade console and click the ‘MPC Quorums' tab
Once at least 3 devices have been added and paired to your account, click ‘Create quorum’.
Select the quorum type (mobile or cloud)
Enter the quorum name
The name should help identify the quorum.
Enter the quorum description
The description should make the purpose of the quorum clear.
Choose at least 3 devices to hold the MPC wallet key shards
Select the minimum number of required signatures
This number should always be set to at least one below the number of devices in the quorum, for a number of reasons:
- Convenience: the owner of one device may not be online when required
- Redundancy: a device may be lost or destroyed
- Security: one single compromised user cannot authorise a transaction
Click ‘Create’
You will be prompted to confirm the details of the quorum. If everything is correct, click ‘Create quorum’
Each quorum device will receive a notification requesting their approval within 60 minutes. Once all devices have approved, the quorum will become available for selection when creating an MPC wallet.
- If members do not approve the notification within 60 minutes, the quorum request will expire and a new quorum will need to be created.
- If one or more devices rejects the notification, the quorum will not be formed.

Use a quorum

Once an MPC quorum has been created, quorum devices will receive notifications requiring them to approve or reject actions.

MPC wallet creation

When an MPC wallet is created, all of the quorum devices will all be notified and required to approve. If one or more devices rejects, the wallet will not be created.

Transactions from MPC wallets

When a transaction is sent from an MPC wallet, all of the quorum devices will receive a notification requesting signature. When the minimum number of devices sign, the transaction will be submitted.

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Quorums cannot be edited or deleted. Please ensure all quorum details are correct before confirming.