Performance Evaluation of Threshold Signing Schemes in Cryptography

Abstract: Threshold Signature Scheme (TSS) protocols have gained significant attention over the past ten years due to their widespread adoption in cryptocurrencies. The adoption is mainly boosted by Gennaro and Goldfedder's TSS protocol. Since then, various TSS protocols have been introduced with different features, such as security and performance, etc. Large organizations are using TSS protocols to protect many digital assets, such as cryptocurrency. However, the adoption of these TSS protocols requires an understanding of state-of-the-art research in threshold signing. This study describes the holistic view of TSS protocols, evaluates cutting-edge TSS protocols, highlights their characteristics, and compares them in terms of security and performance. The evaluation of these TSS protocols will help the researchers address real-world problems by considering the relevant merits of different TSS protocols.