Security Of Cryptocurrency Using Hardware Wallet And QR Code

Today, the privacy and the security of any organization are the key requirement, the digital online transaction of money or coins also needed a certain level of security not only during the broadcasting of the transaction but before the sending of the transaction. In this research paper we proposed and implemented a cryptocurrency (Bitcoin) wallet for the android operating system, by using the QR code-based android application and a secure private key storage (Cold Wallet). Two android applications have been implemented one of them is called cold wallet and the other one is hot wallet. Cold wallet (offline) is to store and generate the private key addresses for secure transaction confirmation and the hot wallet is used to send bitcoin to the network. Hot wallet application gives facility to the user view history of performed transactions, to send and compose a new bitcoin transaction, receive bitcoin, sign it and send it to the network. By using the process of cross QR code scanning of the hot and cold wallet to the identification, validation and authentication of the user made it secure.