2024/01/23 by Abel C. H. Chen, Chen, Abel C. H.
Computer Science · #Blockchain Technology Applications and Security #Computers and Society (cs.CY) #Cryptography and Security (cs.CR) #FOS: Computer and information sciences #Software Engineering (cs.SE)
paper · pdf · doi:10.48550/arxiv.2404.16837
openalex publication_date 2024/01/23 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
The current blockchain system for cryptocurrency exchanges primarily employs elliptic curve cryptography (ECC) for generating key pairs in wallets, and elliptic curve digital signature algorithms (ECDSA) for generating signatures in transactions. Consequently, with the maturation of quantum computing technology, the current blockchain system faces the risk of quantum computing attacks. Quantum computers may potentially counterfeit signatures produced by ECDSA. Therefore, this study analyzes the vulnerabilities of the current blockchain system to quantum computing attacks and proposes a post-quantum cryptography (PQC)-based blockchain system to enhance security by addressing and improving each identified weakness. Furthermore, this study proposes PQC-based wallets and PQC-based transactions, utilizing PQC digital signature algorithms to generate PQC-based signatures for the inputs in PQC-based transactions, thereby preventing signatures from being counterfeited by quantum computing. Experimental results demonstrate that the efficiency of the Dilithium algorithm, a PQC digital signature algorithm, in producing wallets, generating signatures, and verifying signatures surpasses that of ECDSA in the current blockchain system. Furthermore, the Dilithium algorithm also exhibits a higher security level.