Shamir's Secret Sharing is often used for private key management, but has low robustness & security. This makes it dangerous for users' assets.
Private keys (and, to some extent, seed phrases) can be daunting to manage for non-tech-savvy users. And, even for knowledgeable ones, the perspective of securely storing keys forever might be overwhelming, even if they embrace the idea of self-custody. This specific need created a market of its own, leading to the development of different tools.
The most popular way to solve this problem is via Wallet-as-a-Service (WaaS) solutions, allowing users to create wallets directly embedded in dApps
Proactive Secret Sharing with Constant Communication
What Is Multi-Party Computation (MPC) in Blockchain?
How Particle Network simplifies onboarding
Ethan F. on LinkedIn: TABASCO 💙🛠 on X
Ledger Key Recovery: Understanding the Principles of MPC Wallets, by Numen Cyber Labs, Numen Cyber Labs
Ethan F. posted on LinkedIn
Ethan F. on LinkedIn: TABASCO 💙🛠 on X
MPC-based Threshold Signature Explained - LastingAsset
Multisig vs. Shamir's vs. MPC: Institutional-grade bitcoin custody
Sharanjeet Singh (@sj_singh) / X
Particle 101: MPC-TSS & Social Logins — Seamless Web3 Onboarding for the Next 1B Users
MPC Wallets vs. Multi-Sig Wallets: A Deep Dive
Ethan F. on LinkedIn: Tomorrow is the last full day I'll be here
Secret sharing: A comprehensive survey, taxonomy and applications - ScienceDirect