Resilient Custody of Crypto-Assets, and Threshold Multisignatures

Ensuring safe custody of crypto-assets, while at the same time allowing a user to easily access and transfer them, is one of the biggest challenges of this nascent industry. This is even harder considering also the multiple technological implementations behind each crypto-asset. Here we present a su...

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Bibliographic Details
Main Authors: Vincenzo Di Nicola, Riccardo Longo, Federico Mazzone, Gaetano Russo
Format: Article
Language:English
Published: MDPI AG 2020-10-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/8/10/1773
Description
Summary:Ensuring safe custody of crypto-assets, while at the same time allowing a user to easily access and transfer them, is one of the biggest challenges of this nascent industry. This is even harder considering also the multiple technological implementations behind each crypto-asset. Here we present a survey of the various solutions for this custody problem, comparing advantages and disadvantages. Then we delve deeper into some interesting schemes based on secure multiparty computation, which give a blockchain-agnostic solution that balances security, safety, and transactional ease of use, and in particular, a protocol that enhances practicality by exploiting a party that may stay offline during the key generation.
ISSN:2227-7390