💡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.
ratiofreedom / Ratio Freedom
npub17v…na0n7
2024-03-19 18:28:02
Author Public Key
npub17vade5sn99mpcknuvumkdq7qj73g0j3xqf7w5t88h6zr9rsvskzsana0n7Published at
2024-03-19 18:28:02Event JSON
{
"id": "47cef514853699447e8cdb0bab2f1f54196a47d4c9ac4079444726a9bfd5f362",
"pubkey": "f33adcd21329761c5a7c67376683c097a287ca26027cea2ce7be84328e0c8585",
"created_at": 1710872882,
"kind": 1,
"tags": [
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"content": "💡Innovations in Bitcoin💡\n\nShamir'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.\n\nMulti-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.\n\n#bitcoin is built for security experts.",
"sig": "a6310fd1e6c7bd351297850f6c8fdb899403d3a742bcde624aa6453b121e07220dac6f270e8a2f5485b369aba9d5b28d9c99bcacaa43cdf44198ebc29d472c0b"
}