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David Sneider and Chris Cassano, Co-Founders of Lit Protocol
Feb 13, 2024
David Sneider and Chris Cassano discuss Lit Protocol, decentralized key management network, leveraging MPC and threshold signature schemes. Topics include Lit nodes software, distributed key generation, Lit DAO governance, rollups, and offchain data. They highlight Lit's innovation, secure virtualization, benefits of Lit Protocol nodes, multi-party computation, blockchain in data storage, claimable keys, authentication methods, and innovative applications of technology. The episode concludes with a discussion on hackathons and upcoming events.
01:35:41
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Quick takeaways
- Lit Protocol enhances data security by leveraging multi-party computation and threshold signature schemes.
- Lit originated from Snyder and Cassano's understanding of crypto's pain points after years in the industry.
Deep dives
Lit Protocol Overview
Lit Protocol, a distributed key management network developed by David Snyder and Chris Cassano, leverages multi-party computation and threshold signature schemes to enhance data security. By spreading private key shares across a network of Lit node operators, users can sign and encrypt data without a single entity controlling the entire private key. The concept of Lit originated from Snyder and Cassano's extensive experience in the crypto industry, addressing the pain points faced over the years. This episode delves into various aspects of Lit, such as the Lit node software, distributed key generation and signing, Lit Dow governance, and its correlation with roll-ups and off-chain data.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode