Proceedings of the 5th International Conference on Economic Development and Business Culture (ICEDBC 2025)

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Comparative Analysis of Blockchain Wallet Security: A Statistical Study of Mnemonic Entropy Distribution Across Major Cryptocurrency Platforms

Authors
Ce Fang1, *
1Department of Mathematics and Physics, Xian Jiaotong-Liverpool University, Suzhou, China
*Corresponding author. Email: Ce.Fang23@student.xjtlu.edu.cn
Corresponding Author
Ce Fang
Available Online 26 February 2026.
DOI
10.2991/978-94-6239-604-3_15How to use a DOI?
Keywords
Blockchain wallet; Encryption algorithms; Mnemonic entropy analysis; Statistical analysis; Digital asset security
Abstract

With the rapid development of blockchain technology, the security of cryptocurrency wallets has attracted increasing attention. This study systematically evaluates the entropy distribution characteristics and security differences of mnemonic phrases across different cryptocurrency platforms through statistical analysis methods. Using stratified random sampling, 10,000 mnemonic phrase samples were collected from five major platforms: Bitcoin, Ethereum, Binance Smart Chain, Solana, and Cardano. Multiple statistical methods including descriptive statistical analysis, Analysis of Variance (ANOVA), and non-parametric tests were employed for comprehensive analysis. Results demonstrate significant differences in mnemonic entropy values across platforms (F = 847.3, p < 0.001, η2 = 0.254), with Bitcoin platform performing optimally (124.3 ± 3.2 bits), approaching the theoretical optimal value of 128 bits, while Solana platform exhibited the greatest variability (117.2 ± 7.1 bits). Tukey HSD multiple comparisons con- firmed significant inter-platform differences. This research provides quantitative methods for evaluating the security of blockchain wallet encryption algorithms and holds significant implications for enhancing digital asset security.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 5th International Conference on Economic Development and Business Culture (ICEDBC 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
26 February 2026
ISBN
978-94-6239-604-3
ISSN
2352-5428
DOI
10.2991/978-94-6239-604-3_15How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ce Fang
PY  - 2026
DA  - 2026/02/26
TI  - Comparative Analysis of Blockchain Wallet Security: A Statistical Study of Mnemonic Entropy Distribution Across Major Cryptocurrency Platforms
BT  - Proceedings of the 5th International Conference on Economic Development and Business Culture (ICEDBC 2025)
PB  - Atlantis Press
SP  - 133
EP  - 143
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-604-3_15
DO  - 10.2991/978-94-6239-604-3_15
ID  - Fang2026
ER  -