Archived Content from Web3Auth Community
This topic was originally posted by shahbaz on 4/15/2024.
This content has been migrated from our previous community forum to preserve valuable discussions.
Zhen joins Steve to chat about the decentralization of key management in cryptocurrency.
During the podcast, Zhen discusses how tKey works on the backend. To explain it briefly: tKey leverages on Shamir Secret sharing to split a user’s key into three parts. One share remains on the Torus network (a decentralized network run by large ecosystem stakeholders like Binance, ENS, Etherscan, Ontology, Zilliqa, Tendermint, Skale and Matic), while the other two are available to the user, with one share being stored on their device, and the other behind a backup password/seed phrase.
This is a companion discussion topic for the original entry at https://blog.web3auth.io/divi-crypto-podcast-key-management-interview-with-zhen