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PRIVATE KEY DECRYPTION SYSTEM AND METHOD OF USE

  • US 20180337774A1
  • Filed: 07/13/2018
  • Published: 11/22/2018
  • Est. Priority Date: 05/19/2015
  • Status: Active Grant
First Claim
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1. A host computer system comprising:

  • a service;

    a master key loader configured to store an operational master key in memory of the service;

    a database having an address and an encrypted private key stored in association with one another;

    a web application configured to receive a request for payment to a bitcoin address, the request for payment including an amount of bitcoin to be paid, generate an unsigned transaction in response to receiving the request for payment, the unsigned transaction including the amount of bitcoin to be paid in the request from payment, and request a signing of the unsigned transaction to create a signed transaction; and

    a payment module configured to receive the request for signing the transaction, determine the address corresponding to the bitcoin address in the unsigned transaction, determine the encrypted private key stored in association with the address, decrypt the encrypted private key with the operational master key to generate a decrypted private key, and sign the transaction with the decrypted private key to create the signed transaction, the web application configured to receive the signed transaction, and broadcast the signed transaction over the bitcoin network.

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