An (m, n) threshold scheme is to decompose the master key K into n sec
ret shadows in such a way that the master key K cannot be reclaimed un
less any m shadows are collected. However, any m-1 or fewer shadows pr
ovide absolutely no information about K. In 1989, Laih et al. proposed
the concept of dynamic threshold schemes which allow the master key t
o be updated without changing the secret shadows. However, the perfect
dynamic threshold scheme, which provides perfect secrecy though the m
aster key is allowed to be changed, has not been proposed. Nor has any
paper shown the existence of perfect dynamic threshold schemes. In th
is paper, we prove that perfect dynamic threshold schemes do not exist
when their master keys need be updated [log(2)\L\log(2)\K\] times or
more without changing the secret shadows, where L is the secret shadow
space and K is the master key space. Furthermore, we propose an perfe
ct dynamic threshold scheme which allows its master key to be updated
once without changing the secret shadows.