CryptoCurrency Security Standard Explained

Learn about the specifics of C4’s CryptoCurrency Security Standard (CCSS) in this video that breaks down the Standard into manageable bites. The CryptoCurrency Security Standard (CCSS) is an easy-to-understand security rating for crypto private key management for cryptocurrencies such as bitcoin, Ethereum’s native token ether, stablecoins and other currencies using blockchain technology. Featuring security expert and CCSS Steering Committee member, Ron Stoner, this video offers a comprehensive look into the standard’s two central components: Cryptographic Asset Management and Operations.

In the Cryptographic Asset Management section, delve into the intricacies of private key and seed generation. Ron clarifies the importance of establishing that the private key user is indeed the key generator and explains various requirements such as validation of key creation methodology, DRBG compliance, and the assurance of adequate entropy. In the discussion about wallet creation, learn about the importance of validation of single and multiple keys, how they were generated, and the seriousness of whether an information system can prove adherence to the wallet creation aspects.

Moving to the Operations section, Ron highlights the Standard’s attention to procedural policies, including vital practices such as security audits, vulnerability scans, data sanitization, and the crucial role of continuous backup for audit logs.

Watch the video now to boost your understanding of C4’s Cryptocurrency Security Standard (CCSS) and learn how the CCSS can be utilized for optimum security in managing private keys.

Maximize your cryptocurrency security through leveraging the CryptoCurrency Security Standard today by using and operating only CCSS certified systems.

Learn more about the standard: https://cryptoconsortium.org/CCSS
Find a CCSS auditor to conduct an audit of a cryptocurrency system: https://cryptoconsortium.org/CCSSauditors
Look at currently certified systems: https://cryptoconsortium.org/ccsscerts

Ron Stoner: https://twitter.com/forwardsecrecy

Chapters
Cryptographic Asset Management
0:00 Key Seed Generation
0:11 Operator-Created Key/Seed
0:59 Creation methodology is validated
1:28 DRBG Compliance
1:58 Entropy Pool
2:32 Wallet Creation
3:18 Operations
3:35 Security Tests/Audits
3:53 Data Sanitization Policy
4:51 Audit Logs
5:36 Back-Up of Audit Logs

#cryptosecurity #CCSS #keymanagement

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