A Social-Network-Based Cryptocurrency Wallet-Management Scheme

Effective cryptocurrency key management has become an urgent requirement for modern cryptocurrency. Although a large body of cryptocurrency wallet-management schemes has been proposed, they are mostly constructed for specific application scenarios and often suffer from weak security. In this paper,...

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Main Authors: Shuangyu He, Qianhong Wu, Xizhao Luo, Zhi Liang, Dawei Li, Hanwen Feng, Haibin Zheng, Yanan Li
Format: Article
Language:English
Published: IEEE 2018-01-01
Series:IEEE Access
Subjects:
Online Access:https://ieeexplore.ieee.org/document/8271996/
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author Shuangyu He
Qianhong Wu
Xizhao Luo
Zhi Liang
Dawei Li
Hanwen Feng
Haibin Zheng
Yanan Li
author_facet Shuangyu He
Qianhong Wu
Xizhao Luo
Zhi Liang
Dawei Li
Hanwen Feng
Haibin Zheng
Yanan Li
author_sort Shuangyu He
collection DOAJ
description Effective cryptocurrency key management has become an urgent requirement for modern cryptocurrency. Although a large body of cryptocurrency wallet-management schemes has been proposed, they are mostly constructed for specific application scenarios and often suffer from weak security. In this paper, we propose a more effective, usable, and secure cryptocurrency wallet-management system based on semi-trusted social networks, therein allowing users to collaborate with involved parties to achieve some powerful functions and recovery under certain circumstances. Furthermore, we employ an identity-based hierarchical key-insulated encryption scheme to achieve time-sharing authorization and present a semitrusted portable social-network-based wallet-management scheme that provides the features of securityenhanced storage, portable login on different devices, no-password authentication, flexible key delegation, and so on. The performance analysis shows that our proposed schemes require minimal additional overhead and have low time delays, making them sufficiently efficient for real-world deployment.
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spelling doaj.art-dd6b226b6a324c52a5e54dd1a146d1452022-12-21T18:14:24ZengIEEEIEEE Access2169-35362018-01-0167654766310.1109/ACCESS.2018.27993858271996A Social-Network-Based Cryptocurrency Wallet-Management SchemeShuangyu He0https://orcid.org/0000-0001-6496-5336Qianhong Wu1Xizhao Luo2Zhi Liang3Dawei Li4Hanwen Feng5Haibin Zheng6Yanan Li7School of Electronic and Information Engineering, Beihang University, Beijing, ChinaSchool of Electronic and Information Engineering, Beihang University, Beijing, ChinaSchool of Computer Science Technology, Soochow University, Suzhou, ChinaSchool of Electronic and Information Engineering, Beihang University, Beijing, ChinaSchool of Electronic and Information Engineering, Beihang University, Beijing, ChinaSchool of Electronic and Information Engineering, Beihang University, Beijing, ChinaSchool of Electronic and Information Engineering, Beihang University, Beijing, ChinaSchool of Electronic and Information Engineering, Beihang University, Beijing, ChinaEffective cryptocurrency key management has become an urgent requirement for modern cryptocurrency. Although a large body of cryptocurrency wallet-management schemes has been proposed, they are mostly constructed for specific application scenarios and often suffer from weak security. In this paper, we propose a more effective, usable, and secure cryptocurrency wallet-management system based on semi-trusted social networks, therein allowing users to collaborate with involved parties to achieve some powerful functions and recovery under certain circumstances. Furthermore, we employ an identity-based hierarchical key-insulated encryption scheme to achieve time-sharing authorization and present a semitrusted portable social-network-based wallet-management scheme that provides the features of securityenhanced storage, portable login on different devices, no-password authentication, flexible key delegation, and so on. The performance analysis shows that our proposed schemes require minimal additional overhead and have low time delays, making them sufficiently efficient for real-world deployment.https://ieeexplore.ieee.org/document/8271996/Cryptographic protocolscryptocurrencywallet-management protocols
spellingShingle Shuangyu He
Qianhong Wu
Xizhao Luo
Zhi Liang
Dawei Li
Hanwen Feng
Haibin Zheng
Yanan Li
A Social-Network-Based Cryptocurrency Wallet-Management Scheme
IEEE Access
Cryptographic protocols
cryptocurrency
wallet-management protocols
title A Social-Network-Based Cryptocurrency Wallet-Management Scheme
title_full A Social-Network-Based Cryptocurrency Wallet-Management Scheme
title_fullStr A Social-Network-Based Cryptocurrency Wallet-Management Scheme
title_full_unstemmed A Social-Network-Based Cryptocurrency Wallet-Management Scheme
title_short A Social-Network-Based Cryptocurrency Wallet-Management Scheme
title_sort social network based cryptocurrency wallet management scheme
topic Cryptographic protocols
cryptocurrency
wallet-management protocols
url https://ieeexplore.ieee.org/document/8271996/
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