Original title: Deployment of Threshold Signatures for Securing Bitcoin Transactions
Authors: Tran, Minh ; Dzurenda, Petr
Document type: Papers
Language: eng
Publisher: Vysoké učení technické v Brně, Fakulta elektrotechniky a komunikačních technologií
Abstract: Blockchain technology, especially Bitcoin, has revolutionizedhow we think about and manage financial transactions.However, with the increasing demand and usage of blockchaintechnology, the security of cryptocurrency wallets has become acritical concern. Threshold signatures offer a promising solutionto this problem, allowing multiple parties to sign a transactionwithout revealing their private keys. This article presents an Androidmobile Bitcoin wallet application that uses Schnorr-basedthreshold signatures. The application also deploys smartwatchintegration for enhanced security and usability. This integrationprovides an additional layer of security by requiring physicalconfirmation from the user before approving any transaction.Our implementation provides a secure and efficient platform formanaging Bitcoin assets using threshold signatures while alsoproviding an intuitive and easy-to-use interface for interactingwith the application.
Keywords: Android; Bitcoin; Blockchain; Secret Sharing; Securityof Transactions; Smartwatch; Threshold Signature
Host item entry: Proceedings II of the 29st Conference STUDENT EEICT 2023: Selected papers, ISBN 978-80-214-6154-3, ISSN 2788-1334

Institution: Brno University of Technology (web)
Document availability information: Fulltext is available in the Brno University of Technology Digital Library.
Original record: http://hdl.handle.net/11012/210669

Permalink: http://www.nusl.cz/ntk/nusl-531775


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Universities and colleges > Public universities > Brno University of Technology
Conference materials > Papers