A consortium blockchain wallet scheme based on dual-threshold key sharing

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Abstract

In recent years, blockchain has triggered an upsurge in the application of decentralized models and has received more and more attention. For convenience and security considerations, in blockchain applications, users usually use wallets to manage digital assets. The most important data stored in the wallet is the user’s private key, which is also the only identification of the ownership of the encrypted digital assets. Once the private key is lost or stolen, it will bring irreparable losses. We proposed a consortium blockchain wallet scheme based on dual-threshold key protection secret-sharing. By splitting and storing the user’s wallet private key using a secret-sharing method, we can protect our private keys safely and effectively. Our scheme is based on the application scenario of the consortium blockchain. The peers preset by the consortium blockchain store the user’s wallet private key shadow shares, reasonably integrate storage resources, and enhance the solution’s anti-attack ability by setting double thresholds.

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APA

Li, G., & You, L. (2021). A consortium blockchain wallet scheme based on dual-threshold key sharing. Symmetry, 13(8). https://doi.org/10.3390/sym13081444

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