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Analysis of Security Issues in Blockchain Wallet

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Proceedings of Second Doctoral Symposium on Computational Intelligence

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 1374))

Abstract

Blockchain is a substantive technology which provide reliable and convenient services by establishing trust in open environment. Blockchain basically relies upon two critical technological areas of cryptography and decentralization to perform transactions of confidential data. This technology is gaining traction since its discovery in 2008 due to its ability to accomplish immutable transactions without third party interfere. Owing to these astonishing features, it has become backbone of all industries and business including digital financing, e-Governance, smart grid, etc. Many banking and financial service providers have started to allot wallets to its customer where they can use money in highly secure environment. However, blockchain is considered the most secure technology available today, but its wallet is still not a temper proof. This paper aims to analyse various issues pertaining to blockchain wallet security. The existing developments in this area are studied in detail to pave a future direction of research in this regime. Section 1 is introduction of blockchain which includes blockchain wallets and their types, security issues in wallets and security practices used to resolve those issues. Section 2 includes wallet security challenges, vulnerabilities and recent review of literature on wallet security practices. Section 3 compare the related work and discuss growth in crypto crimes due to loss of cryptocurrency. Last section concludes the paper.

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Author information

Authors and Affiliations

  1. DPG Degree College, Gurugram, Haryana, 122001, India

    Taruna

  2. ABES Engineering College, Ghaziabad, Uttar Pradesh, 201009, India

    Rishabh

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  1. Taruna
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  2. Rishabh
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Editor information

Editors and Affiliations

  1. Department of Computer Science Engineering, Maharaja Agrasen Institute of Technology, Rohini, Delhi, India

    Deepak Gupta

  2. Maharaja Agrasen Institute of Technology, Rohini, Delhi, India

    Ashish Khanna

  3. Institute of Engineering and Technology, Lucknow, Uttar Pradesh, India

    Vineet Kansal

  4. University of Calabria, Rende, Cosenza, Italy

    Giancarlo Fortino

  5. Department of Information Technology, Cairo University, Giza, Egypt

    Aboul Ella Hassanien

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Taruna, Rishabh (2022). Analysis of Security Issues in Blockchain Wallet. In: Gupta, D., Khanna, A., Kansal, V., Fortino, G., Hassanien, A.E. (eds) Proceedings of Second Doctoral Symposium on Computational Intelligence . Advances in Intelligent Systems and Computing, vol 1374. Springer, Singapore. https://doi.org/10.1007/978-981-16-3346-1_63

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