🔗 Socialist millionaire protocol

In cryptography, the socialist millionaire problem is one in which two millionaires want to determine if their wealth is equal without disclosing any information about their riches to each other. It is a variant of the Millionaire's Problem whereby two millionaires wish to compare their riches to determine who has the most wealth without disclosing any information about their riches to each other.

It is often used as a cryptographic protocol that allows two parties to verify the identity of the remote party through the use of a shared secret, avoiding a man-in-the-middle attack without the inconvenience of manually comparing public key fingerprints through an outside channel. In effect, a relatively weak password/passphrase in natural language can be used.