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Many blockchain networks aim to preserve the anonymity of validators in the peer-to-peer (P2P) network, ensuring that no adversary can link a validator's identifier to the IP address of a peer due to associated privacy and security…

Cryptography and Security · Computer Science 2025-02-04 Lioba Heimbach , Yann Vonlanthen , Juan Villacis , Lucianna Kiffer , Roger Wattenhofer

Bitcoin is a cryptocurrency attracting a lot of interest both from the general public and researchers. There is an ongoing debate on the question of users' anonymity: while the Bitcoin protocol has been designed to ensure that the activity…

Cryptography and Security · Computer Science 2019-06-14 Remy Cazabet , Baccour Rym , Latapy Matthieu , Cazabet Remy

Privacy protection mechanisms are a fundamental aspect of security in cryptocurrency systems, particularly in decentralized networks such as Bitcoin. Although Bitcoin addresses are not directly associated with real-world identities, this…

Cryptography and Security · Computer Science 2026-03-19 Shihan Zhang , Bing Han , Chuanyong Tian , Ruisheng Shi , Lina Lan , Qin Wang

Bitcoin is the first implementation of what has become known as a 'public permissionless' blockchain. Guaranteeing security and protocol conformity through its elegant combination of cryptographic assurances and game theoretic economic…

Cryptography and Security · Computer Science 2018-02-23 D. McGinn , D McIlwraith , Y. Guo

Bitcoin is a digital currency and electronic payment system operating over a peer-to-peer network on the Internet. One of its most important properties is the high level of anonymity it provides for its users. The users are identified by…

Applications · Statistics 2019-04-12 Péter L. Juhász , József Stéger , Dániel Kondor , Gábor Vattay

Bitcoin is a popular cryptocurrency that records alltransactions in a distributed append-only public ledger calledblockchain. The security of Bitcoin heavily relies on the incentive-compatible proof-of-work (PoW) based distributed consensus…

Cryptography and Security · Computer Science 2018-06-05 Mauro Conti , Sandeep Kumar E , Chhagan Lal , Sushmita Ruj

A cryptocurrency is a decentralized digital currency that is designed for secure and private asset transfer and storage. As a currency, it should be difficult to counterfeit and double-spend. In this paper, we review and analyze the major…

Cryptography and Security · Computer Science 2019-04-26 Ehab Zaghloul , Tongtong Li , Matt Mutka , Jian Ren

We consider the privacy of interactions between individuals in a network. For many networks, while nodes are anonymous to outside observers, the existence of a link between individuals implies the possibility of one node revealing…

Physics and Society · Physics 2020-07-13 Louis M Shekhtman , Alon Sela , Shlomo Havlin

Bitcoin is a digital currency designed to rely on a decentralized, trustless network of anonymous agents. Using a pseudonymous-address-linking procedure that achieves >99% sensitivity and >99% specificity, we reveal that between launch…

Computer Science and Game Theory · Computer Science 2022-06-08 Alyssa Blackburn , Christoph Huber , Yossi Eliaz , Muhammad S. Shamim , David Weisz , Goutham Seshadri , Kevin Kim , Shengqi Hang , Erez Lieberman Aiden

In the cryptographic currency Bitcoin, all transactions are recorded in the blockchain - a public, global, and immutable ledger. Because transactions are public, Bitcoin and its users employ obfuscation to maintain a degree of financial…

Computers and Society · Computer Science 2017-06-30 Arvind Narayanan , Malte Möser

One of the most important issues in peer-to-peer networks is anonymity. The major anonymity for peer-to-peer users concerned with the users' identities and actions which can be revealed by any other members. There are many approaches…

Networking and Internet Architecture · Computer Science 2012-09-06 Ehsan Saboori , Shahriar Mohammadi

Bitcoin has created a new exchange paradigm within which financial transactions can be trusted without an intermediary. This premise of a free decentralized transactional network however requires, in its current implementation, unrestricted…

Cryptography and Security · Computer Science 2018-10-30 Marc Jourdan , Sebastien Blandin , Laura Wynter , Pralhad Deshpande

Cryptocurrencies, such as Bitcoin and Ethereum, are becoming increasingly prevalent mainly due to their anonymity, decentralization, transparency, and security. However, the completely public ledger makes the trace and analysis of each…

Cryptography and Security · Computer Science 2022-11-18 Shuo Chen , Shaikh Muhammad Uzair Norman

While anonymity networks such as Tor provide invaluable privacy guarantees to society, they also enable all kinds of criminal activities. Consequently, many blameless citizens shy away from protecting their privacy using such technology for…

Cryptography and Security · Computer Science 2026-01-30 Eric Wagner , Roman Matzutt , Martin Henze

Private blockchain networks are used by enterprises to manage decentralized processes without trusted mediators and without exposing their assets publicly on an open network like Ethereum. Yet external parties that cannot join such networks…

Cryptography and Security · Computer Science 2021-01-26 Dushyant Behl , Palanivel Kodeswaran , Venkatraman Ramakrishna , Sayandeep Sen , Dhinakaran Vinayagamurthy

Bitcoin (BTC) is probably the most transparent payment network in the world, thanks to the full history of transactions available to the public. Though, Bitcoin is not a fully anonymous environment, rather a pseudonymous one, accounting for…

Cryptography and Security · Computer Science 2021-03-18 Maurantonio Caprolu , Matteo Pontecorvi , Matteo Signorini , Carlos Segarra , Roberto Di Pietro

Operators of online social networks are increasingly sharing potentially sensitive information about users and their relationships with advertisers, application developers, and data-mining researchers. Privacy is typically protected by…

Cryptography and Security · Computer Science 2016-11-17 Arvind Narayanan , Vitaly Shmatikov

Bitcoin cryptocurrency system enables users to transact securely and pseudo-anonymously by using an arbitrary number of aliases (Bitcoin addresses). Cybercriminals exploit these characteristics to commit immutable and presumably untraceable…

Cryptography and Security · Computer Science 2018-11-27 Mauro Conti , Ankit Gangwal , Sushmita Ruj

As the first decentralized digital currency introduced in 2009 together with the blockchain, Bitcoin offers new opportunities both for developed and developing countries. Bitcoin peer-to-peer transactions are independent of the banking…

Physics and Society · Physics 2018-04-25 Francesco Parino , Mariano G. Beiro , Laetitia Gauvin

One of the defining features of Bitcoin and the thousands of cryptocurrencies that have been derived from it is a globally visible transaction ledger. While Bitcoin uses pseudonyms as a way to hide the identity of its participants, a long…

Cryptography and Security · Computer Science 2022-05-30 George Kappos , Haaroon Yousaf , Rainer Stütz , Sofia Rollet , Bernhard Haslhofer , Sarah Meiklejohn