What is secret sharing in cryptography?
Could you please explain what secret sharing in cryptography entails? I'm curious to understand how it works and what are its key principles. Is it a method used to divide a secret among multiple parties, each of whom holds a piece of the secret? And how does this ensure the confidentiality and security of the secret, even if some of the parties are compromised? Additionally, are there any specific algorithms or techniques associated with secret sharing in cryptography?
Is cryptosteel compatible with secret sharing & key generation algorithms?
As a practitioner in the realm of cryptocurrency and finance, I'm curious to know if Cryptosteel, a physical cryptocurrency seed backup solution, is compatible with secret sharing and key generation algorithms. Cryptosteel's tamper-resistant plates seem ideal for safeguarding crucial private keys, but can it seamlessly integrate with sophisticated security protocols that utilize secret sharing and key generation to enhance the resilience of cryptographic systems? Understanding this compatibility is crucial for those seeking robust security measures for their digital assets.