Shard switch ensures the platform's continuity and security, activating safeguards if the company ever faces unexpected challenges.
The Shard Switch is a robust failsafe mechanism designed to guarantee the continuity of Cipherwill's operations, even in the face of unforeseen disruptions. This system leverages Shamir's Secret Sharing, a cryptographic method that splits a secret into multiple parts. To reconstruct the original secret, a predefined threshold of these parts must be combined, creating a decentralized and secure framework.
To enhance security and resilience, Cipherwill's secret is distributed among seven trusted keyholders, ensuring no single individual has full control. Keyholders perform regular "check-ins" typically once a week - to confirm the platform's operational integrity. These check-ins act as a "heartbeat" for the system, verifying that everything is functioning as expected.
If keyholders miss a predefined number of check-ins or if another activation trigger occurs, the system engages a dead man's switch. At this point, keyholders collaborate to combine their secret shares and reconstruct the critical information required to activate contingency protocols, ensuring uninterrupted platform functionality.
As Cipherwill evolves, we plan to expand the Shard Switch mechanism to include:
This collaborative approach strengthens the system's security and guarantees operational continuity, even in scenarios where the company itself faces challenges.
While decentralizing keyholder roles adds resilience, it also introduces dependencies. To mitigate these risks:
By combining cryptographic methods with a collaborative model, Cipherwill ensures that your digital legacy remains protected, no matter what challenges arise.