Shamir's Secret Sharing is often used for private key management, but has low robustness & security. This makes it dangerous for users' assets.
Private keys (and, to some extent, seed phrases) can be daunting to manage for non-tech-savvy users. And, even for knowledgeable ones, the perspective of securely storing keys forever might be overwhelming, even if they embrace the idea of self-custody. This specific need created a market of its own, leading to the development of different tools.
The most popular way to solve this problem is via Wallet-as-a-Service (WaaS) solutions, allowing users to create wallets directly embedded in dApps
Copper enhances key management with MPC
What is the Threshold signature scheme(TSS)? Multi-party Computation(MPC) simplified
Ethan F. on LinkedIn: TABASCO 💙🛠 on X
Ledger Key Recovery: Understanding the Principles of MPC Wallets, by Numen Cyber Labs, Numen Cyber Labs
Ethan F. on LinkedIn: TABASCO on Twitter
What is Multi-Party Computation (MPC)?
How do the vulnerabilities in cryptographic multi-party computation (MPC) protocols impact wallet providers? - Quora
How to implement next-gen onboarding into your application
Ethan F. on LinkedIn: There are no true experts in Web3. What do I
Multisig, Shamir's secret sharing, & MPC compared - Crypto Daily
MPC for Digital Asset Custody Wallets