Key splitting is the process of dividing a private key into multiple parts, or “shares.” This method enhances security by ensuring that no single individual has full control over the key.In a typical scenario, a private key is split into shares using cryptographic algorithms. Each share is distributed to different parties or stored in different locations. To access the original key, a minimum number of shares must be combined. This means that even if one share is lost or compromised, the overall key remains secure, as long as the required threshold of shares is intact.Key splitting is particularly useful for organizations that manage large amounts of assets. It mitigates risks associated with single points of failure and can help prevent unauthorized access. By requiring multiple parties to collaborate to reconstruct the key, it fosters a collective responsibility over sensitive information.Overall, it provides a balance between accessibility and security, allowing multiple stakeholders to contribute without any one person having exclusive control.