Multi-party threshold transaction approval in blockchain systems
The multi-party threshold transaction approval and key recovery method strengthens blockchain security by distributing transaction approvals across weighted nodes and reconstructing cryptographic keys, reducing the risk of fraudulent transactions and database compromises.
Patent Information
- Authority / Receiving Office
- WO · WO
- Patent Type
- Applications
- Current Assignee / Owner
- CIRCLE INTERNET GRP INC
- Filing Date
- 2025-11-21
- Publication Date
- 2026-05-28
AI Technical Summary
Existing blockchain transaction approval mechanisms are vulnerable to compromise due to multiparty collusion and database vulnerabilities, leading to unauthorized transactions and fraudulent approvals.
Implementing multi-party threshold transaction approval and key recovery techniques, where transactions are distributed across a set of nodes with weighted importance, requiring cumulative weight exceeding a threshold for approval, and cryptographic keys are sharded and reconstructed from node contributions.
Enhances transaction security by increasing the number of compromised parties needed for malicious transactions, minimizing fraudulent approvals, and eliminating database vulnerabilities through distributed key recovery.
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Abstract
Citation Information
Patent Citations
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