Re:Shamir Secret Sharing
by humblepie on Wednesday August 02, 2023 @07:05AM
(#36969291)
Is there an alternative scheme that allows the different parties to enter their own password?
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Not with passwords of their choice.
You could use SSS in combination with BIP to derive a set of 12 or 24-word passphrases, this might be a bit more user friendly.
Re:Shamir Secret Sharing
by opendomain on Wednesday August 02, 2023 @09:20AM
(#36970513)
can you give more information please?
BIP39 is the Bitcoin standard which defines the process to generate the human readable "recovery phrase" for a Bitcoin wallet based on the private key. It's a list of 2048 pre-defiend words. Your private key is chunked into 11bit groups (with a few bits for a checksum) and then assigned the corresponding word.
It already exists: https://github.com/satoshilabs/slips/blob/master/slip-0039.m...
Symmetrically encrypt their share with the chosen password.