Detail publikačního výsledku

Deployment of Threshold Signatures for Securing Bitcoin Transactions

TRAN, M.; DZURENDA, P.

Originální název

Deployment of Threshold Signatures for Securing Bitcoin Transactions

Anglický název

Deployment of Threshold Signatures for Securing Bitcoin Transactions

Druh

Stať ve sborníku v databázi WoS či Scopus

Originální abstrakt

Blockchain technology, especially Bitcoin, has revolutionized how we think about and manage financial transactions. However, with the increasing demand and usage of blockchain technology, the security of cryptocurrency wallets has become a critical concern. Threshold signatures offer a promising solution to this problem, allowing multiple parties to sign a transaction without revealing their private keys. This article presents an Android mobile Bitcoin wallet application that uses Schnorr-based threshold signatures. The application also deploys smartwatch integration for enhanced security and usability. This integration provides an additional layer of security by requiring physical confirmation from the user before approving any transaction. Our implementation provides a secure and efficient platform for managing Bitcoin assets using threshold signatures while also providing an intuitive and easy-to-use interface for interacting with the application.

Anglický abstrakt

Blockchain technology, especially Bitcoin, has revolutionized how we think about and manage financial transactions. However, with the increasing demand and usage of blockchain technology, the security of cryptocurrency wallets has become a critical concern. Threshold signatures offer a promising solution to this problem, allowing multiple parties to sign a transaction without revealing their private keys. This article presents an Android mobile Bitcoin wallet application that uses Schnorr-based threshold signatures. The application also deploys smartwatch integration for enhanced security and usability. This integration provides an additional layer of security by requiring physical confirmation from the user before approving any transaction. Our implementation provides a secure and efficient platform for managing Bitcoin assets using threshold signatures while also providing an intuitive and easy-to-use interface for interacting with the application.

Klíčová slova

Threshold Signature;Secret Sharing;Security of Transactions;Blockchain;Bitcoin;Android;Smartwatch

Klíčová slova v angličtině

Threshold Signature;Secret Sharing;Security of Transactions;Blockchain;Bitcoin;Android;Smartwatch

Autoři

TRAN, M.; DZURENDA, P.

Rok RIV

2024

Vydáno

25.04.2023

Nakladatel

Brno University of Technology, Faculty of Electronic Engineering and Communication

Místo

Brno

ISBN

978-80-214-6154-3

Kniha

Proceedings II of the 29th Conference STUDENT EEICT 2023 Selected Papers

ISSN

2788-1334

Periodikum

Proceedings II of the Conference STUDENT EEICT

Stát

Česká republika

Strany od

117

Strany do

120

Strany počet

4

URL

https://www.eeict.cz/eeict_download/archiv/sborniky/EEICT_2023_sbornik_2_v2.pdf

BibTex

@inproceedings{BUT188303,
  author="Minh {Tran} and Petr {Dzurenda}",
  title="Deployment of Threshold Signatures for Securing Bitcoin Transactions",
  booktitle="Proceedings II of the 29th Conference STUDENT EEICT 2023 Selected Papers",
  year="2023",
  journal="Proceedings II of the Conference STUDENT EEICT",
  pages="117--120",
  publisher="Brno University of Technology, Faculty of Electronic Engineering and Communication",
  address="Brno",
  isbn="978-80-214-6154-3",
  url="https://www.eeict.cz/eeict_download/archiv/sborniky/EEICT_2023_sbornik_2_v2.pdf"
}