BIP proposal: Elliptic SSS scheme

BIP proposal: Elliptic SSS scheme
From: Egor Zuev @ 2020-11-27 17:12 UTC ( / )
  To: bitcoin-dev




Hi everyone!

Would like to propose the solution for sharing the private key / other
sensitive information with a modified SSS scheme.

The key features are:
1) the secret restoration is not possible without corresponding signatures
2) share[i] belongs to privateKey[i] only, which means it can't be signed
with a different private key

I hope this approach can help on the application level to share sensitive
information or it can be used as m-of-n multi-signature (this is
discussable). I've attached the pdf file with the concept description. Also
here is the repo with a working example in node.js:
https://github.com/ega-forever/esss

Thanks in advance for your time.