The novel secure testament methodology for cryptocurrency wallet using mnemonic seed

ABSTRACT

Recently, cryptocurrencies such as Bitcoin, Ethereum, etc, have rapidly been recognized as an asset, often called a digital asset. Comparing to the real assets, it would be handled carefully due to its own characteristics that are completely different. The disadvantage of such digital assets, on the one hand, is that whoever knows the private key of the wallet, they can easily take over that digital asset. On the other hand, if the wallet’s owners are dead without passing credential information to others, that asset will be lost forever. We thus propose the novel secure testament methodology for a digital asset such as Bitcoin to solve the mentioned problems. The mechanism is based on managing the mnemonic seed of the wallet so that an inheritor will obtain the mnemonic seed in a secure way. Two mechanisms of the proposed methodology are implemented. The first is to save the mnemonic seed in a secure repository. Therefore, no one can access to the cryptocurrency wallet while the owner still being alive and does not wish anybody to access. The second is to deliver the mnemonic seed securely to legitimate inheritor when the owner is suspected to be dead or disappeared. Finally, based on our experiment, the results show that the aforementioned problems can be solved. Furthermore, the proposed mechanism can help the owner of the asset to managing the confidentiality of their assets.     

Water absorption and mechanical properties of electrospun structured hydrogels

Electrospun nanofibers are made when electrostatic forces overcome the surface tension of a polymer solution, causing an electrically charged jet to be ejected; as the jet travels through the air, the solvent evaporates, leaving behind an electrically charged fiber, which can be collected in the form of a nonwoven sheet. A superabsorbent was added to a polymer solution containing an elastomer (concentrations = 0–85%). The mixture was electrospun, producing nanofibers in which the superabsorbent particles were held in place with nanoscale elastic fibers. The nanofibers were tested for absorbency in water and synthetic urine. Fluid absorption by the nanofibers led to the formation of structured hydrogels. Increases in the weight gain from water absorption ranged from 400 to 5000%. The linear dimensions of samples cut from the nonwoven sheet were measured; wetting the superabsorbent increased the thickness dimension of the sheet dramatically and produced a smaller change in the plane of the sheet. The rate of water absorption was calculated; the samples containing 0–70% superabsorbent reached essentially their maximum absorbency within 5 s. The excellent strength and elasticity of the wet samples make these structured hydrogels ideal for many uses, including wound care, drug delivery, and sanitary goods. © 2004 Wiley Periodicals, Inc. J Appl Polym Sci 95: 427–434, 2005