Hybrid Identity Service for Decentralized Browser Wallets
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Solution Overview
Problem
The security of browser-based crypto-wallets is degraded due to the infrequent change of passcodes, leading to potential vulnerabilities in transaction authorization.
Innovation Solution
A hybrid identity service system that autonomously manages passcodes by generating and encrypting unique passcodes for each transaction, using a security provider plugin to enhance transaction security.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If the passcode is changed frequently, then the security of the crypto-wallet is improved, but the user convenience and ease of operation deteriorates
Solution Approach 1:
The system automatically generates and rotates passcodes without requiring user intervention. The passcode rotation is managed by the system itself, which creates new passcodes periodically and updates the encrypted private keys accordingly, eliminating the need for users to manually change passcodes while maintaining security.
Solution Approach 2:
The system pre-generates passcodes and encrypts private keys before transactions occur. By establishing passcodes in advance and automatically rotating them, the system prepares security measures before potential threats arise, allowing frequent security updates without user action.
2Ease of operation
If the passcode is changed infrequently, then the ease of operation is improved, but the security of the crypto-wallet deteriorates
Solution Approach 1:
The passcode rotation operates continuously in the background without interrupting user operations. The system maintains ongoing passcode generation and private key encryption processes, ensuring that security is continuously updated while users experience no disruption to their normal wallet operations.
Solution Approach 2:
The system autonomously manages the passcode lifecycle, including generation, rotation, and associated private key encryption. This self-managed approach ensures frequent security updates occur automatically without burdening users with manual tasks, thus maintaining both convenience and security.
3Reliability
If user initiated passcode change requests are processed, then the security can be updated, but the time required and complexity of operation increases
Solution Approach 1:
The system performs passcode generation and private key encryption in advance before transactions are needed. By pre-establishing security measures and automatically rotating passcodes, the system eliminates the need for users to initiate time-consuming passcode change processes when security updates are needed.
Solution Approach 2:
The system automatically handles passcode rotation and security updates without waiting for user requests. This autonomous operation reduces the time required for security updates from the perspective of the user, as the system performs these tasks proactively in the background.
Data Source
AI summary
Disclosed are various embodiments for a service for decentralized browser based wallets. Various embodiments of the present disclosure can receive a first passcode and a second passcode from a security provider device. Various embodiments can use a cryptowallet to decrypt a first encrypted private key using the first passcode to generate a decrypted private key. Various embodiments can use a cryptowallet to sign a transaction request with the decrypted private key. Various embodiments can use a cryptowallet to generate a second encrypted private key by encrypting the decrypted private key using the second passcode.