How Does a TSS Improve the Efficiency of On-Chain Data Verification?
A Threshold Signature Scheme (TSS) improves efficiency by combining multiple individual node signatures into a single, compact cryptographic proof. Instead of the smart contract having to verify dozens of separate signatures, it only needs to verify one aggregated signature.
This significantly reduces the computational overhead and the associated gas costs for the on-chain smart contract, allowing for more frequent and cost-effective data updates.
Glossar
TSS
Framework ⎊ Total Settlement Score (TSS) within cryptocurrency derivatives, options trading, and related financial instruments represents a composite metric evaluating counterparty risk and operational resilience across the entire lifecycle of a transaction.
Computational Overhead
Computation ⎊ The computational overhead inherent in cryptocurrency, options trading, and financial derivatives stems from the resources ⎊ processing power, memory, bandwidth ⎊ required to execute complex algorithms and manage high-frequency data streams.
Threshold Signature Scheme
Threshold ⎊ A cryptographic mechanism enabling distributed signature generation, it fundamentally shifts control from a single entity to a group, enhancing resilience against compromise.