Wed. Jul 28th, 2021
    Threshold Signature, Free TON, Free TON House, Wiki

    Threshold signature is one of the options for signing transactions on the blockchain. In this type of electronic signature, the private key is divided into X parts, and for it to be restored and signed, Y parts of it must be sufficient — X>Y. This means that users Y who know the private key must unite.

    To generate, split and distribute key parts, it is necessary to create a user group with a defined leader.

    Threshold signature has the same purpose as multisignature, but it partially works outside the network and all information about signers is formed in a single transaction, which reduces the cost of its implementation.