Securing Cryptocurrency Wallet Seed Phrase Digitally with Blind Key Encryption

Cheman Shaik, VISH Consulting Services Inc, USA

Abstract

A cryptographic method of digitally securing cryptocurrency wallet seed phrase through Blind Key Encryption is discussed wherein two blind keys random in nature are generated and used to produce two ciphertexts. The mathematical algorithm used in blind key encryption is described in detail and also an explanation is provided as to how the encryption defeats hackers even after they could successfully compromise a ciphertext of the seed phrase along with its decryption key. Different scenarios of storing the ciphertexts are documented.

Keywords

Cryptocurrency Wallet, Blockchain, Seed Phrase, Blind Key Encryption.