Publication Details

SoK: Cryptocurrency Wallets - A Security Review and Classification based on Authentication Factors

HOMOLIAK, I.; PEREŠÍNI, M. SoK: Cryptocurrency Wallets - A Security Review and Classification based on Authentication Factors. In 2024 IEEE International Conference on Blockchain and Cryptocurrency (ICBC) - Proceedings. Dublin: Institute of Electrical and Electronics Engineers, 2024. p. 1-8. ISBN: 979-8-3503-1674-2.
Czech title
SoK: Kryptoměnové peněženky - bezpečnostní přehled a klasifikace na základě autentizačních faktorů
Type
conference paper
Language
English
Authors
URL
Keywords

blockchain, cryptocurrency, cryptocurrency wallets, security, authentication factors

Abstract

In this work, we review existing cryptocurrency wallet solutions with
regard to authentication methods and factors from the user's point of
view. In particular, we distinguish between authentication factors that
are verified against the blockchain and the ones verified locally (or
against a centralized party). With this in mind, we define notions for
k-factor authentication against the blockchain and k-factor
authentication against the authentication factors. Based on these
notions, we propose a classification of authentication schemes. We
extend our classification to accommodate the threshold signatures and
signing transactions by centralized parties (such as exchanges or
co-signing services). Finally, we apply our classification to existing
wallet solutions, which we compare based on various security and
key-management features.

Published
2024
Pages
1–8
Proceedings
2024 IEEE International Conference on Blockchain and Cryptocurrency (ICBC) - Proceedings
Conference
6th IEEE International Conference on Blockchain and Cryptocurrency (ICBC), Dublin, IE
ISBN
979-8-3503-1674-2
Publisher
Institute of Electrical and Electronics Engineers
Place
Dublin
DOI
EID Scopus
BibTeX
@inproceedings{BUT193292,
  author="Ivan {Homoliak} and Martin {Perešíni}",
  title="SoK: Cryptocurrency Wallets - A Security Review and Classification based on Authentication Factors",
  booktitle="2024 IEEE International Conference on Blockchain and Cryptocurrency (ICBC) - Proceedings",
  year="2024",
  pages="1--8",
  publisher="Institute of Electrical and Electronics Engineers",
  address="Dublin",
  doi="10.1109/ICBC59979.2024.10634439",
  isbn="979-8-3503-1674-2",
  url="https://ieeexplore.ieee.org/document/10634439"
}
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