LearnBitcoin

Bitcoin Dev Archive 2020

BIP proposal: Elliptic SSS scheme

1 message, 27 Nov 2020. Started by Egor Zuev.

Egor Zuev

Permalink Original thread on gnusha.org

Egor Zuev permalink original

Hi everyone!

Would like to propose the solution for sharing the private key / other sensitive information with a modified SSS scheme.

The key features are: 1) the secret restoration is not possible without corresponding signatures 2) share[i] belongs to privateKey[i] only, which means it can't be signed with a different private key

I hope this approach can help on the application level to share sensitive information or it can be used as m-of-n multi-signature (this is discussable). I've attached the pdf file with the concept description. Also here is the repo with a working example in node.js: https://github.com/ega-forever/esss

Thanks in advance for your time.