BITCOIN CORE CRYPTOCURRENCY WALLET CRYPTOGRAPHIC SECURITY ANALYSIS

Abstract

The article discusses the encryption security of the Bitcoin Core cryptocurrency wallet. Particular attention is paid to aspects of the practical implementation of cryptographic algorithms when encrypting the wallet.dat file with a password. The practical strongness to brute-force attacks using parallel computing on the GPU is also considered. It was found that Bitcoin Core did not implement an encryption key change for private keys. This implementation makes it possible to re-attack the wallet without knowing the new password, if it has already been compromised before. The changes to encryption algorithms that complicate the password brute force attacks on the GPU are also proposed.