Systems and methods for blockchain administration
Systems and methods for participation in blockchain administration.
1. A method for delegating a participation power of offline assets to facilitate a proof of stake mechanism of a blockchain network without compromising security of such offline assets, the method comprising:
obtaining, by a wallet system, a staking delegation request to delegate, to a voter administration account, staking power of assets of a user account controlled by a secured offline private key securely stored at an offline computing system; and
in connection with the staking delegation request, deploying, by the wallet system, on a blockchain network, a voting smart contract that identifies the voting smart contract as permitted to use the staking power of the assets and not permitted to transfer ownership of the assets,
wherein deploying the voting smart contract comprises broadcasting one or more transactions to the blockchain network, the one or more transactions including a signed delegate transaction generated with the offline computing system using multiple key shares derived from the secured offline private key.
2. The method of claim 1 , wherein the signed delegate transaction indicates a participation key related to the staking power of the assets, the participation key being different from the secured offline private key.
3. The method of claim 2 , wherein, in response to the broadcasting of the signed delegate transaction to the blockchain network, the participation key is activated for use of the staking power of the assets by the voter administration account.
4. The method of claim 1 , wherein the voting smart contract is created by the wallet system using delegation parameters generated by the offline computing system.
5. The method of claim 1 , wherein the signed delegate transaction is secured at an offline storage location in association with the user account by the offline computing system, and wherein the signed delegate transaction is accessed by the offline computing system when receiving subsequent requests to use the staking power.
6. The method of claim 1 , wherein the secured offline private key is a re-usable offline private key.
7. The method of claim 1 , wherein the signed delegate transaction is generated by the offline computing system signing a delegate transaction using the secured offline private key along with multi-party computation (MPC).
8. The method of claim 1 , further comprising: providing, by the wallet system, to the voter administration account, a participation key related to the staking power of the assets, the participation key being different from the secured offline private key.
9. The method of claim 1 , further comprising:
performing, by the wallet system, a blockchain management operation by using an administration private key of the voter administration account, wherein the blockchain management operation includes at least one of: block validation, governance voting, governance proposal creation, governance proposal approval, or activating a smart contract method.
10. The method of claim 9 , wherein the blockchain management operation comprises voting on a governance proposal, and a voting weight is determined based on the participation power delegated to the voter administration account.
11. The method of claim 9 , wherein the blockchain management operation is block validation, and the blockchain network selects the voter administration account for performance of the blockchain management operation based on the staking power delegated to the voter administration account.
12. The method of claim 9 , further comprising;
receiving, by the wallet system and for a digital wallet of the voter administration account, a reward for performing the blockchain management operation; and
transferring the reward from the digital wallet of the voter administration account to a destination of the user account by:
determining, by the wallet system, a portion of the reward that is attributed to the user account, based on the staking power, and
transferring, by the wallet system, the determined portion of the reward to the destination of the user account.
13. The method of claim 1 , further comprising:
generating, by the wallet system, a transfer transaction to transfer the assets to a secondary wallet destination, wherein the transfer transaction is signed by the offline computing system with the secured offline private key to generate a signed transfer transaction; and
broadcasting, by the wallet system, the signed transfer transaction to the blockchain network.
14. The method of claim 1 , further comprising: revoking, by the wallet system, delegation of the staking power from the voter administration account.
15. A system for delegating a participation power of offline assets comprising one or more processors and memory storing instructions that, when executed by the one or more processors, cause the system to:
obtain a request to delegate, to a voter administration account, staking power of assets of a user account controlled by a secured offline private key securely stored at one or more offline computing systems; and
in connection with the request, deploy, on a blockchain network, a smart contract that identifies the smart contract as the voter administration account permitted to use the staking power of the assets and not permitted to transfer ownership of the assets,
wherein deploying the smart contract comprises broadcasting one or more transactions to the blockchain network, the one or more transactions including a signed delegate transaction generated by the one or more offline computing systems using the secured offline private key.
16. The system of claim 15 , wherein the signed delegate transaction indicates a participation key related to the staking power of the assets, the participation key being different from the secured offline private key, and
wherein, in response to the broadcasting of the signed delegate transaction to the blockchain network, the participation key is activated for use of the staking power of the assets by the voter administration account.
17. One or more non-transitory computer-readable media storing instructions that, when executed by one or more processors, cause operations comprising:
obtaining a request to delegate, to a voter administration account, staking power of assets of a user account controlled by a secured offline private key securely stored at one or more offline computing systems; and
in connection with the request, causing deployment, on a blockchain network, of a smart contract that identifies the voter administration account as an account that is permitted to use the staking power of the assets and is not permitted to transfer ownership of the assets,
wherein causing the deployment of the smart contract comprises broadcasting one or more transactions, the one or more transactions including a signed delegate transaction generated by the one or more offline computing systems using the secured offline private key.
18. The media of claim 17 , wherein the signed delegate transaction indicates a participation key related to the staking power of the assets, the participation key being different from the secured offline private key, and
wherein, in response to the broadcasting of the signed delegate transaction to the blockchain network, the participation key is activated for use of the staking power of the assets by the voter administration account.
19. The media of claim 17 , wherein the smart contract identifies the smart contract as the voter administration account permitted to use the staking power of the assets.