Abstract:
In the age of cryptocurrencies debut, cryptocurrency exchanges work on securing
deposited funds. The paper covers several topics describing blockchain,
cryptocurrencies and the proposal for securing a simple Bitcoin payment processor.
The need for such a system came from the fact that in the past we
could observe many thefts of digital assets. This work tries to manage with
some vulnerabilities by creation of a bit complicated but original way of accessing
private keys for digital assets withdrawal to exchange users. The best
solution for these problems would be as much transparent as possible system,
where the motto ”do not trust, verify” could be fulfilled and leakage of
data on any side of parties and during the communication would not affect
anybody.
