Publication detail

Deployment of Threshold Signatures for Securing Bitcoin Transactions

TRAN, M. DZURENDA, P.

Original Title

Deployment of Threshold Signatures for Securing Bitcoin Transactions

Type

conference paper

Language

English

Original Abstract

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.

Keywords

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

Authors

TRAN, M.; DZURENDA, P.

Released

25. 4. 2023

Publisher

Brno University of Technology, Faculty of Electronic Engineering and Communication

Location

Brno

ISBN

978-80-214-6154-3

Book

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

ISBN

2788-1334

Periodical

Proceedings II of the Conference STUDENT EEICT

State

Czech Republic

Pages from

117

Pages to

120

Pages count

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",
  issn="2788-1334",
  url="https://www.eeict.cz/eeict_download/archiv/sborniky/EEICT_2023_sbornik_2_v2.pdf"
}