Design and Implementation of Digital Currency Transaction Security Mechanism Based on Block Chain

Abstract

This paper comprehensively discusses the security mechanism of blockchain-based digital currency transactions, from the application of distributed ledgers, consensus algorithms, smart contracts, to the implementation of multiple signatures and cold storage schemes, to advanced privacy protection technologies, such as zero-knowledge proofs and homomorphic encryption. In particular, we delve into innovative mechanisms for attack prevention, including the fusion of heterogeneous multi-chain architectures with PoW+PoS hybrid consensus models. The article also details the practice of performance evaluation and security testing through a series of carefully designed experiments such as throughput and latency testing under different loads, resource utilization monitoring, and security reviews and comparisons with competitors. Experimental results show that the system exhibits good throughput growth under high load, but with the increase of latency, resource utilization is efficient and tends to saturation, most of the security protection mechanisms meet the standards, but access control problems that need to be optimized and high-risk vulnerabilities to be repaired are also found.