Closed

Bitcoin storage

This project received 3 bids from talented freelancers with an average bid price of $25 USD / hour.

Get free quotes for a project like this
Employer working
Skills Required
Project Budget
$15 - $25 USD / hour
Total Bids
3
Project Description

We need someone to set up the following security measures to store our bitcoins safely:

The private key itself is AES-256 encrypted. After exporting Bitcoin private keys from [url removed, login to view] file, data is stored in a TrueCrypt container on three separate flash drives. Using Shamir’s Secret Sharing algorithm, the container password is then split into three parts utilizing a 2-of-3 secret sharing model.

We will then do the rest:

Incorporating physical security with electronic security, each flash drive from various manufacturers is duplicated several times and, together with a CD-ROM, those items are vaulted in a bank safety deposit box in three different legal jurisdictions. To leverage geographic distribution as well, each bank stores only part of a key, so if a single deposit box is compromised, no funds are lost.

Looking to make some money?

  • Set your budget and the timeframe
  • Outline your proposal
  • Get paid for your work

Hire Freelancers who also bid on this project

    • Forbes
    • The New York Times
    • Time
    • Wall Street Journal
    • Times Online