ratiofreedom on Nostr: 💡Innovations in Bitcoin💡 Shamir's Secret Sharing (SSS) is a cryptographic ...
💡Innovations in Bitcoin💡
Shamir's Secret Sharing (SSS) is a cryptographic method that divides a single private key into multiple parts. Each key holder controls a part of one key, that on its own does not give any critical information about the key. This makes SSS ideal for secure backups.
Multi-sig puts together a variation of complete private keys to form a public address. Each key holder controls an entire key, not a share of it. Multi-sig requires multiple independent approvals for each action, making it ideal for secure transactions.
#bitcoin is built for security experts.
Shamir's Secret Sharing (SSS) is a cryptographic method that divides a single private key into multiple parts. Each key holder controls a part of one key, that on its own does not give any critical information about the key. This makes SSS ideal for secure backups.
Multi-sig puts together a variation of complete private keys to form a public address. Each key holder controls an entire key, not a share of it. Multi-sig requires multiple independent approvals for each action, making it ideal for secure transactions.
#bitcoin is built for security experts.