Definition ∞ Decentralized Key Generation refers to a method of creating cryptographic keys where no single entity controls the entire key creation process. Instead, multiple independent parties contribute to the generation of a key or key shares. This distributed approach enhances security by eliminating a central point of failure. It ensures that the integrity of the key does not depend on a sole custodian.
Context ∞ In digital asset custody and blockchain security, decentralized key generation is critical for safeguarding private keys associated with digital wallets. News about this technology often highlights its application in multi-party computation (MPC) schemes or distributed ledger systems. Such methods bolster asset security against individual compromise, providing a robust foundation for secure digital asset management and transaction signing.
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