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A cryptographic scheme where multiple parties each hold a piece of a private key, and a minimum number of them must cooperate to produce a valid signature.
Definition
A cryptographic scheme where multiple parties each hold a piece of a private key, and a minimum number of them must cooperate to produce a valid signature. Unlike multisig, the final signature looks like a regular single signature on-chain. It's more gas-efficient and private than traditional multisig setups.
Related Terms
A wallet that requires multiple private keys to authorize transactions.
A secret code that gives you control over your cryptocurrency.
Software or hardware that stores your cryptocurrency private keys and lets you send and receive tokens.
Application Binary Interface.
A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.
The Ethereum standard for account abstraction without changing the core protocol.
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