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A Hierarchical Threshold Signature

A Hierarchical Threshold Signature

Key management plays a significant role in blockchain technology regarding digital assets protection. Practically speaking, losing private keys leads to great losses. Improper key management and poor system implementation may increase the risk of asset being transferred maliciously. Take an extreme case that happened before as an example, a principal died suddenly and no one was able to recover keys so that the whole asset was frozen. To solve these problems, experts therefore propose threshold cryptography to reduce the risk of key management.

LibraBridge

LibraBridge: Connect Libra with Ethereum

In the previous article, we explain the concept of the LibraSwap. Next, we will introduce LibraBridge, which can be used to connect Libra with Ethereum by Libra SPV method. The idea to leverage SPV validation to implement cross-chain transfer is not new. It’s already done by several projects listed below. SPV proof is a way for light client to verify if interested transaction happened on the blockchain. With the help of smart contract, Libra SPV proof can be implemented on Ethereum. Namely, we can verify a Libra transaction through smart contract, along with some external information.