Private key sharing involves distributing parts of a cryptographic private key among multiple parties, such that a threshold number of these parts are required to reconstruct the full key. This technique, often utilizing secret sharing schemes, enhances security by preventing a single point of compromise. It ensures that no individual holder possesses enough information to unilaterally control the associated digital assets.
Context
Private key sharing is a fundamental component of advanced custody solutions and multi-signature wallets within the digital asset sector. The current focus involves developing more robust and user-friendly implementations of these schemes, including those with dynamic thresholds. This technology is critical for improving the security and resilience of institutional digital asset management and decentralized autonomous organizations against various threats.
A new Distributed Key Generation framework implements Pedersen's protocol over a BFT channel, solving the centralized dealer problem for robust threshold signature schemes.
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