5 ms·
The key, however, can be split an unlimited number of ways using Shamir's Secret Sharing Scheme or a similar protocol. http://en.wikipedia.org/wiki/Shamir's_Se
by sirsar 13y ago
The key, however, can be split an unlimited number of ways using Shamir's Secret Sharing Scheme or a similar protocol.
http://en.wikipedia.org/wiki/Shamir's_Secret_Sharing http://en.wikipedia.org/wiki/Shamir's_Secret_Sharing
- kaoD 13y agoNice! It isn't quite the same since the spending party will know the private key forever, while m-of-n is a per-transaction signature. Still very useful.
- Smegger 13y agoCould you not simply store your privet key in a truecrypt container then split the truecrypt container into however may par files as you want and distribute the pieces to as may friends via micro SD for safe keeping? Then not only would your friends not be able to conspire and betray you (as this is Jason Bourne scenario) you would then need most of the peices and the passcode to access the contents