Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials.
In my interactions with people at conferences and regular meetups, they often ask me,Need to know how to code to keep my crypto secure?“To be honest, my answer is always firm.”no. ” I’ve been working on cryptography and wallet security for many years, and one thing I’ve learned is that staying safe isn’t about writing code. It’s about being careful, being aware, and knowing what’s important.
summary
- Crypto security is not just a wallet issue. Rules governing how keys are stored, accessed, and used are important. Locks are just as important as storage.
- Multisig and MPC are simple. Think of it as a group lock or shared authorization, which reduces single points of failure and makes it harder for funds to be compromised.
- Security goes beyond code. Policies, people, and processes (such as recovery planning and monitoring) are just as important as encryption.
- Education is key. Users don’t need to be programmers. By asking the right questions and understanding basic concepts, anyone can make crypto security their own.
In fact, as digital assets become mainstream, including stablecoins, tokenized assets, and everyday wallets, understanding the basics of security is no longer essential. Just like you don’t need to be a mechanic to drive safely, you don’t need to be a programmer to understand what keeps cryptocurrencies safe.
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Myth #1: Security = Where to Store Your Cryptocurrency
Most new users believe that cryptocurrency security begins and ends with which wallet or exchange they use. But the real story is much deeper.
A wallet is more than just an app on your phone. It is a system of rules and protections that determine how private keys are stored, who has access to them, and how transactions are approved. Simply put, a safe is only as valuable as its lock, and the lock is only as valuable as the rules that determine who holds the key.
No coding skills are required to understand this. We need to ask better questions.
– Does this wallet allow multiple authorizations (e.g. multiple signatures)?
– What happens if I lose access to my device?
– Can one person transfer funds or is there shared management?
– If you can ask these questions, you already think like a security architect.
Myth #2: Multisig and MPC are too technical to understand.
Two terms you often hear in wallet security are multisig and multiparty calculations. It sounds intimidating, but the idea is simple.
Think of the multisig concept like a bank safe that requires three keys to open. Think of multisig like a bank safe that requires three keys to open. Different people hold different keys, so you will need all or most of them together to unlock the safe.
Now, MPC is a little different. With MPC, the key itself is never assembled. Instead, each person contributes their role to an “action” and the action (such as approving a transaction) is completed without having to rebuild the keys. It’s like buying a gift as a group, no one knows exactly how much each person paid, but the gift still gets delivered.
Both models are designed to reduce single points of failure. The implementation is technical, but the logic is understandable to everyone.
Myth #3: Security is just code
Security in cryptocurrencies is not just about algorithms and programming. It’s also about policies, people and processes.
Think about this. The world’s strongest crypto is useless if company insiders have unlimited access to customer funds. Similarly, even a well-engineered wallet can fail without a recovery plan when a user loses access.
That’s why the most secure storage systems combine mathematics and human design. It enforces rules about who can approve what, sets boundaries on how much can be moved at once, and provides recovery options if something goes wrong.
Staying informed is also an important habit. Cryptocurrencies change rapidly. Platforms are updated, new scams emerge, and new opportunities arrive every day. Following trusted sources, listening to experienced voices, and asking questions will help you navigate it all. Vitalik Buterin, co-founder of Ethereum (ETH), once said:Cryptocurrency is more than just trading tokens. It’s part of a broader ethos to protect freedom and privacy” You don’t need to code to understand this message.
In other words, cryptographic security is as much about coordination and trust as code. The world is moving rapidly. Stablecoins are being adopted by payment giants. Traditional banks are considering tokenized deposits. People use wallets every day to store digital value, sometimes without realizing the risks involved.
In this environment, security cannot remain a “black box” for engineers only. Users, regulators, and institutions need to understand the principles, even if they don’t touch the math.
Fortunately, these concepts are not complicated when explained in plain language. We all understand the concepts of locks, safes, authorizations, and shared control. Cryptographic security is built on these same human concepts, with encryption as the invisible engine underneath.
ask better questions
When evaluating wallets and custody providers, don’t just ask “Is it secure?” listen:
– How are keys stored?
– Who has the authority to approve transactions?
– What happens if one party is compromised?
– Is the system designed to fail safely?
These questions don’t require any coding skills. It requires curiosity and a willingness to seek transparency in the infrastructure you rely on.
The advantage of cryptography is that it allows human concepts such as privacy, trust, and shared control to be translated into digital systems. But for these systems to be successful, people need to trust them. And trust comes from understanding.
You don’t have to be a programmer to understand cryptographic security. All you need is to know the right questions to ask and the right analogies to understand the answers. The future of digital assets depends on making these invisible systems visible and accessible to everyone.
read more: Cryptocurrency should be talked about like the internet | Opinion
Sharmila S
Dr. Sharmila S He is the Chief Scientist at Liminal Custody and has over 18 years of expertise in cryptography, blockchain security, and multiparty computing. She leads Liminal’s cryptographic research, advancing MPC protocols, threshold cryptography, and post-quantum security. Previously, he held positions at Microsoft Research India, IIT Madras, ZebPay, and several blockchain startups. She has a PhD in Cryptographic Systems, and her research includes proxy re-encryption, signature encryption, and aggregate signatures, and she is a co-inventor of a US patent on key recovery. At Liminal, Dr. Sharmila designs the MPC-TSS storage infrastructure to ensure scalability, verifiability, and resilience. Known as a thought leader, she bridges theoretical cryptography and real-world blockchain applications, reinforcing Liminal’s mission to build secure, audit-ready, and compliant digital asset infrastructure.
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