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Threshold signatures are fundamental tools for multi-party information security protocols.It is widely used in fields such as identity authentication,anti-counterfeiting and tamper-resistance.We introduce a new decentralized threshold signature protocol BHTSP which combines distributed key generation (DKG) and BLS signature.The protocol allows multi-party participation and generates a signature of constant size.We implement this protocol with smart contract as the communication layer for secure parameter exchange.Experimental simulation results show that BHTSP can generate threshold signature with constant size.It reduced the memory consumption for aggregated public key combinations needed in signature verification by 85.3% compared to Schnorr signature.In the experimental blockchain platform,BHTSP is able to support the generation of threshold signatures involving up to 50 participants,optimizing the execution process for blockchain multi-party transactions.