Multi-Party Signature refers to a cryptographic technique that involves multiple parties signing a single piece of data, such as a transaction. This approach enhances security and trust, as it requires the agreement of several entities before a transaction is considered valid.In a typical setup, a secret key is distributed among multiple participants, and they can collectively generate a signature without revealing their individual private keys. This means that no single person has full control over the key; instead, a predefined number of participants must collaborate to produce a valid signature.This method provides benefits such as increased security, as compromising one party’s key does not compromise the entire system. It also facilitates processes like joint decision-making and reduces the risk of fraud or unilateral actions.Overall, Multi-Party Signature is a valuable tool in various applications, enabling secure and collaborative transactions while maintaining privacy and decentralization.