Threshold signature schemes are essential for generating signatures in a trustless manner. They achieve this by splitting the private key and distributing it among several parties using a Distributed Key Generation (DKG) protocol. TSS enables technologies like MPC wallets that support multiple chains without additional setup, eliminates fees for wallet generation, backup, and recovery, and allows customizable security and recovery policies. It enhances security significantly because the private key is never reconstructed, thus eliminating one of the most significant attack vectors.
Summary
Threshold signature schemes are essential for generating signatures in a trustless manner. They achieve this by splitting the private key and distributing it among several parties using a Distributed Key Generation (DKG) protocol. TSS enables technologies like MPC wallets that support multiple chains without additional setup, eliminates fees for wallet generation, backup, and recovery, and allows customizable security and recovery policies. It enhances security significantly because the private key is never reconstructed, thus eliminating one of the most significant attack vectors.
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