What’s the difference between Shamir, TSS, MPC, Multisig, and VSS in crypto custody?

Digital asset security is paramount in crypto, and several cryptographic methods are available to ensure the safety of digital assets, each with unique benefits and applications. This article focuses on explaining Shamir’s Secret Sharing (SSS), Threshold Signature Schemes (TSS), Multi-Party Computation (MPC), Multi-Signature (Multisig), and Verifiable Secret Sharing (VSS) as they pertain to crypto wallets and transactions.