In the modern financial sector, interest in providing financial services that employ blockchain technology has increased.
Blockchain technology is efficient and can operate without a trusted party to store all transaction information; additionally,
it provides transparency and prevents the tampering of transaction information. However, new security threats can occur because
blockchain technology shares all the transaction information. Furthermore, studies have reported that the private keys of users
who use the same signature value two or more times can be recovered. Because private keys of blockchain identify users, private
key leaks can result in attackers stealing the ownership rights to users' property. Therefore, as more financial services use
blockchain technology, actions to counteract the threat of private key recovery must be continually investigated. Private key
recovery studies are presented here. Based on these studies, duplicated signatures generated by blockchain users are defined.
Additionally, scenarios that generate and use duplicated signatures are applied in an actual bitcoin environment to demonstrate
that actual bitcoin users' private keys can be recovered.
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WHAT IS BITCOIN?
Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no
central authority or banks managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin
is open-source, its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique
properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
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