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Bitcoin has emerged in 2008, and after decades of development, it has become the largest trading currency by far. The core of the blockchain is to ensure the anonymity of user transactions. As more and more analysis algorithms for…

Cryptography and Security · Computer Science 2021-05-14 Yuanzhe Jin , Ziheng Dong , Xing Li

Sending money in cryptocurrencies is majorly based on public keys or their hashed forms -- "addresses." These long random-looking strings are user unfriendly for transferring by other means than via copy-and-paste or QR codes. Replacing…

Cryptography and Security · Computer Science 2016-12-16 Michal Zima

The Payment Protocol standard BIP70, specifying how payments in Bitcoin are performed by merchants and customers, is supported by the largest payment processors and most widely-used wallets. The protocol has been shown to be vulnerable to…

Cryptography and Security · Computer Science 2024-11-28 Paolo Modesti , Siamak F. Shahandashti , Patrick McCorry , Feng Hao

Blockchain (BC), the technology behind the Bitcoin crypto-currency system, is considered to be both alluring and critical for ensuring enhanced security and (in some implementations, non-traceable) privacy for diverse applications in many…

Cryptography and Security · Computer Science 2018-12-14 Mahdi H. Miraz , Maaruf Ali

The availability of data on digital traces is growing to unprecedented sizes, but inferring actionable knowledge from large-scale data is far from being trivial. This is especially important for computational finance, where digital traces…

Social and Information Networks · Computer Science 2016-05-13 David Garcia , Frank Schweitzer

Bitcoin users are directly or indirectly forced to deal with public key cryptography, which has a number of security and usability challenges that differ from the password-based authentication underlying most online banking services. Users…

Cryptography and Security · Computer Science 2018-02-14 Shayan Eskandari , Jeremy Clark , David Barrera , Elizabeth Stobert

In the past year, a new spamming scheme has emerged: sexual extortion messages requiring payments in the cryptocurrency Bitcoin, also known as sextortion. This scheme represents a first integration of the use of cryptocurrencies by members…

Cryptography and Security · Computer Science 2019-08-06 Masarah Paquet-Clouston , Matteo Romiti , Bernhard Haslhofer , Thomas Charvat

Cybercriminals often leverage Bitcoin for their illicit activities. In this work, we propose back-and-forth exploration, a novel automated Bitcoin transaction tracing technique to identify cybercrime financial relationships. Given seed…

Cryptography and Security · Computer Science 2022-10-19 Gibran Gomez , Pedro Moreno-Sanchez , Juan Caballero

Bitcoin relies on a peer-to-peer overlay network to broadcast transactions and blocks. From the viewpoint of network measurement, we would like to observe this topology so we can characterize its performance, fairness and robustness.…

Cryptography and Security · Computer Science 2018-12-11 Sergi Delgado-Segura , Surya Bakshi , Cristina Pérez-Solà , James Litton , Andrew Pachulski , Andrew Miller , Bobby Bhattacharjee

Bitcoin is a "crypto currency", a decentralized electronic payment scheme based on cryptography. Bitcoin economy grows at an incredibly fast rate and is now worth some 10 billions of dollars. Bitcoin mining is an activity which consists of…

Cryptography and Security · Computer Science 2014-12-03 Nicolas T. Courtois , Lear Bahack

Blockchain technologies underpin an expanding ecosystem of decentralized applications, financial systems, and infrastructure. However, the fundamental networking layer that sustains these systems, the peer-to-peer layer, of all but the top…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-11-20 Lucianna Kiffer , Lioba Heimbach , Dennis Trautwein , Yann Vonlanthen , Oliver Gasser

Blockchain (BC), the technology behind the Bitcoin cryptocurrency system, is starting to be adopted for ensuring enhanced security and privacy in the Internet of Things (IoT) ecosystem. Fervent research is currently being focused in both…

Cryptography and Security · Computer Science 2018-06-15 Mahdi H. Miraz , Maaruf Ali

Different versions of peer-to-peer electronic cash exist as data represented by separate blockchains. Payments between such systems cannot be sent directly from one party to another without going through a financial institution. Bitcoin…

Cryptography and Security · Computer Science 2016-09-12 S. Matthew English , Fabrizio Orlandi , Soeren Auer

Bitcoin burn addresses are addresses where bitcoins can be sent but never retrieved, resulting in the permanent loss of those coins. Given Bitcoin's fixed supply of 21 million coins, understanding the usage and the amount of bitcoins lost…

Networking and Internet Architecture · Computer Science 2025-03-19 Mohamed El Khatib , Arnaud Legout

The Bitcoin Lightning Network is a Layer 2 payment protocol that addresses Bitcoin's scalability by facilitating quick and cost effective transactions through payment channels. This research explores the feasibility of using machine…

Machine Learning · Computer Science 2025-10-24 Vincent Davis , Emanuele Rossi , Vikash Singh

We present a novel blockchain based service for proving the provenance of online digital identity, exposed as an assistive tool to help non-expert users make better decisions about whom to trust online. Our service harnesses the digital…

Cryptography and Security · Computer Science 2019-05-16 Yifan Yang , Daniel Cooper , John Collomosse , Constantin C. Drăgan , Mark Manulis , Jamie Steane , Arthi Manohar , Jo Briggs , Helen Jones , Wendy Moncur

Over the past decade, the Bitcoin P2P network protocol has become a reference model for all modern cryptocurrencies. While nodes in this network are known, the connections among them are kept hidden, as it is commonly believed that this…

Cryptography and Security · Computer Science 2021-07-28 Federico Franzoni , Xavier Salleras , Vanesa Daza

Online marketplaces are the main engines of legal and illegal e-commerce, yet their empirical properties are poorly understood due to the absence of large-scale data. We analyze two comprehensive datasets containing 245M transactions (16B…

Inspired by Bitcoin, many different kinds of cryptocurrencies based on blockchain technology have turned up on the market. Due to the special structure of the blockchain, it has been deemed impossible to directly trade between traditional…

Cryptography and Security · Computer Science 2020-05-08 Hangyu Tian , Kaiping Xue , Shaohua Li , Jie Xu , Jianqing Liu , Jun Zhao

Cryptocurrency refers to a type of digital asset that uses distributed ledger, or blockchain, technology to enable a secure transaction. Although the technology is widely misunderstood, many central banks are considering launching their own…

Computational Finance · Quantitative Finance 2020-07-30 Wolfgang Karl Härdle , Campbell R. Harvey , Raphael C. G. Reule