Quote from: krishnapramod on July 06, 2017, 11:11:13 AM

As the name suggests, split wallet splits the private key into different shares.

Correct. It is still 1 private key, but that key is split up into pieces. You have to have enough pieces to reassemble the original single private key in order to spend any bitcoins. Once you've reassembled the single private key you could import it and use it just like any other single private key address.

Quote from: krishnapramod on July 06, 2017, 11:11:13 AM

It is an older version of multi-sig.

Incorrect.

Transactions that make use of the address to receive bitcoins will still require only a SINGLE signature from the SINGLE private key that is reassembled from the pieces. Since it doesn't require multiple signatures, it is NOT multi-sig.

Quote from: krishnapramod on July 06, 2017, 11:11:13 AM

You can share the different parts with different people and later based on the minimum share threshold needed to combine, different shares can be combined to get the whole private key.

Correct. Or you could store the pieces in multiple locations, and later based on the minimum share threshold needed to combine, different shares can be combined to get the whole private key.