Post
Topic
Board Development & Technical Discussion
Re: My technique to split seed for cold storage
by
tobben1998
on 05/06/2020, 13:36:51 UTC
This method does work with with 2 of 3; You perform the method 3 times and divide the encryption seeds like this:

Alex: A1, A2
Bob: B1, A3
Charlie: B2, B3

IMO this is a better method that SSS. SSS relies to heavily on non standard software, must be done on a secure computer and the resulting shares are difficult to record. SSS is better suited for n of m where m is large as this method does not scale favourably; You need to create a share for each subset of m of size n, which grows exponentially as m increases.

http://users.telenet.be/d.rijmenants/en/secretsplitting.htm
https://bitcoin.stackexchange.com/a/65434/69224


Is this the correct way for 2 of 4 if S=x1+x2, x=(A to F)?

Nr1:A1,B1,C1
Nr2:A2,D1,E1
Nr3:B2,D2,F1
nr4:C2,E2,F2