Patent ID: 11941610
Assignee: CIRCLE INTERNET FINANCIAL LIMITED
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 12:
13. A cryptocurrency securing method for use in a cryptocurrency securing system, the method comprising:
receiving, by the cryptocurrency securing system, a cryptocurrency transaction information from a first user device;
determining, by the cryptocurrency securing system, whether a policy data corresponding to the cryptocurrency transaction information has been compromised;
in response to a determination that the policy data corresponding to the cryptocurrency transaction information has not been compromised:
transmitting an encrypted one-time key to a cloud server, wherein the encrypted one-time key is encrypted via an Advance Encryption Standard (AES);
in response to receiving a decrypted version of the encrypted one-time key from the cloud server, decrypting encrypted hash factor data using the decrypted version of the encrypted one-time key to derive a hash factor data;
decrypting an encrypted personal key with a hash key derived from hashing a personal key with a hash key derived from hashing a personal identification number of the first user device and the hash factor data using a hash function, to derive a personal key, wherein the hash function is a Secure Hash Algorithm (SHA);
decrypting, by the cryptocurrency securing system, an encrypted cryptocurrency private key information using the personal key cryptocurrency private key;
encrypting, by the cryptocurrency securing system, the cryptocurrency transaction information using the cryptocurrency private key; and
broadcasting, by the cryptocurrency securing system, the encrypted cryptocurrency transaction information to a blockchain network.