Threshold Cryptography is cryptographic primitive for the generation, management and use of distributed keys. This means that a number of actors need to collaborate for both the creation and use of these keys. This ensures that no single party has control over the assets. Hokan was designed ground-up to leverage TSS, in order to keep accounts as secure as possible, both from fraud and from loss of private keys.
After a registration phase, in which all parties must be involved in the creation of the public key and the associated address, for each transaction, the signatories will use their personal “private share” to sign the transaction. The transaction will only be valid if and only if at least n (the threshold) of m (the actors) will have signed.