• Shamir's Secret Sharing (SSS) is a distributed secret security system that is most commonly used to secure other encryption keys. The secret is divided into several parts, known as shares. The original secret is reconstructed using these shares. A minimum amount of shares is required to uncover the secret via SSS.
• It is common knowledge that security is extremely important in digital transactions. In Blockchain technology, secret sharing is a method of dividing secret or personal information into smaller units and sending them to network users. Only when a member who has been assigned a share of the secret agrees to combine it with other members can the original information be combined. Blockchain technology can provide several security benefits.
• As a result, you create a blockchain-based private-key distribution system to ensure the security of private keys while also allowing for key recovery. Our approach, in particular, employs not only secret sharing to improve the chances of retrieving lost keys, but also network protocols to ensure the security of secret share transmission.

Read More: What is a ledger? Is Blockchain an incorruptible ledger?