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blockchain

Threshold Signature

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.

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Related Terms

Multi-Sig (Multi-Signature)

A wallet that requires multiple private keys to authorize transactions.

Private Key

A secret code that gives you control over your cryptocurrency.

Wallet

Software or hardware that stores your cryptocurrency private keys and lets you send and receive tokens.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

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