Risk framework for bitcoin custody operation with the revault protocol

DOI10.1007/978-3-662-63958-0_1MaRDI QIDQ2670809zbMATH OpenOpenAlexFDO

Authors Jacob Swambo, Antoine Poinsot

Publication date 1 June 2022

Full work available at URL https://arxiv.org/abs/2102.09392

Mathematics Subject Classification ID

Risk models (general) (91B05) Actuarial science and mathematical finance (91G99) Cryptography (94A60)

Abstract: Our contributions with this paper are twofold. First, we elucidate the methodological requirements for a risk framework of custodial operations and argue for the value of this type of risk model as complementary with cryptographic and blockchain security models. Second, we present a risk model in the form of a library of attack-trees for Revault -- an open-source custody protocol. The model can be used by organisations as a risk quantification framework for a thorough security analysis in their specific deployment context. Our work exemplifies an approach that can be used independent of which custody protocol is being considered, including complex protocols with multiple stakeholders and active defence infrastructure.

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Cites work

• A review of attack graph and attack tree visual syntax in cyber security
• Analysis of the Blockchain Protocol in Asynchronous Networks
• Attack-defense trees
• Bitcoin as a transaction ledger: a composable treatment
• But why does it work? A rational protocol design treatment of bitcoin
• DAG-based attack and defense modeling: don't miss the forest for the attack trees
• scientific article; zbMATH DE number 842533 (Why is no real title available?)
• MuSig2: simple two-round Schnorr multi-signatures
• The Bitcoin backbone protocol with chains of variable difficulty
• The Bitcoin Backbone Protocol: Analysis and Applications

Cited in

(1)

• Decentralized asset custody scheme with security against rational adversary

Describes a project that uses

Uses Software

• MuSig2
• ADTool
• GitHub

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