What Is COINsolidation (CUAG)?
COINsolidation CUAG – (Consolidated Universal Address Genesis) implement a set of algorithms (processes) to consolidate cryptographic addresses and help their administration, as well as implement shipping security and extension to the financial market to use it with a legal approach in the use of the addresses that are currently managed.
The processes to consolidate the private key of addresses of different blockchains, currently used in the financial area (cryptocurrencies), applications and various sectors.
We propose algorithms (processes) the first one we call oneCKey (one Consolidated prívate Key) is applied to consolidate private keys (One private key for addresses of different blockchain technologies). This is used to create more efficient private key management systems. This system is in sets of series to be, the first Series A1 or "Genesis" series we apply oneCKey on the Bitcoin and Ethereum blockchains with a ratio of 1:2 (one private key to generate two addresses) and later we will have Series AX and BX where there will be ratios of 1:N (one private key for N-addresses).
The A3 series applies to 18 cryptocurrencies and 2 tokens. This would be a 1:20 ratio (one consolidated private key for common use in 20 address)
We use another algorithm called CUA (Consolidated Universal Address) for the creation of universal addresses that we will call consolidated addresses. The CUA algorithm is broken down into three types of address consolidation which are; CUA "Consolidated Universal Address" an address formed from Cryptocurrency with Cryptocurrency, DAC "Direct Address Consolidated" an address formed from Token with Token and the HAC "Hybrid Address Consolidated" an address formed from Token with Cryptocurrency. We use this consolidation of pairs of addresses to send addresses of different blockchain consolidated in a single address applying different security processes to ensure its delivery in any medium, as well as the ease of only sending one address for each pair of addresses that we consolidate.
The other algorithm we have the new IBAC (International Bank Address Coin), this is the mapping of any IBAN account (International Bank Account Number). We created the first Bitcoin addresses based on the IBAN, these are the first Bitcoin addresses with "Legal Identification" in the financial sector worldwide. Each IBAN has its respective unique IBAC (address).
The above algorithms are implemented using PQC (Post-Quantum Cryptography) security since we anticipate in the near future the risks of the quantum computing area.