System and method for key recovery and verification in blockchain based networks
Abstract:
Methods and systems of recovering a cryptographic key associated with a blockchain based computer network, including encryption of at least a portion of a cryptographic key of the computer network with a recovery public key, sending of the encrypted at least a portion of the cryptographic key to at least one second computing device, sending of a recovery private key to a recovery escrow service, detection that the at least one first computing device is unavailable, publishing the recovery private key in a public repository, retrieving the recovery private key from the public repository, and decryption of the encrypted at least a portion of the cryptographic key by the at least one second computing device.
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