By A Mystery Man Writer
Shamir's Secret Sharing is often used for private key management, but has low robustness & security. This makes it dangerous for users' assets.
Private keys (and, to some extent, seed phrases) can be daunting to manage for non-tech-savvy users. And, even for knowledgeable ones, the perspective of securely storing keys forever might be overwhelming, even if they embrace the idea of self-custody. This specific need created a market of its own, leading to the development of different tools.
The most popular way to solve this problem is via Wallet-as-a-Service (WaaS) solutions, allowing users to create wallets directly embedded in dApps
Curv MPC is Not Key Sharding. Questions to ask your wallet provider…, by William Herkelrath
Ethan F. on LinkedIn: #web3
MPC Techniques Series, Part 1: Secret Sharing, by Partisia Blockchain Foundation, Partisia Blockchain
Ethan F. on LinkedIn: TABASCO on Twitter
Multisig, Shamir's secret sharing, & MPC compared - Crypto Daily
Threshold Signature Schemes in blockchain: an introduction – Blockstrata
What is MPC (and Why Should I Care)?
What is Multi-Party Computation (MPC)?
MPC for Digital Asset Custody Wallets