Secret sharing blockchain

1. What illustrates secret sharing in blockchain?
2. What is secret sharing used for?
3. What is secret splitting and sharing?

What illustrates secret sharing in blockchain?

Secret sharing essentially allows data to be stored in a decentralized way across N parties such that any K parties can work together to reconstruct the data, but K-1 parties cannot recover any information at all. N and K can be set to any values desired; all it takes is a few simple parameter tweaks in the algorithm.

What is secret sharing used for?

What is secret sharing? In cryptography, secret sharing is a way to securely distribute fragments of important private information amongst a distributed network or group, making such schemes particularly useful for safeguarding highly sensitive information like private cryptographic keys or biometric data.

What is secret splitting and sharing?

In secret splitting protocols, n cipher-text are required to. recover the original message. On the other hand, in the secret sharing protocol, only m cipher- text from a total of n cipher-text are needed to recover the original message. This scheme is.