Threshold Cryptography
Threshold Cryptography is a method that enhances security by distributing control over cryptographic keys among multiple parties. Instead of a single key holder, a group of participants must collaborate to perform cryptographic operations, such as signing a message or decrypting data. This approach reduces the risk of key compromise, as no single individual has complete access to the key.
In Threshold Cryptography, a predefined number of participants, known as the threshold, must come together to execute a task. For example, if a key is split into five parts, a threshold of three means that any three parts can be used to reconstruct the key. This ensures both security and reliability in managing sensitive information.