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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

The unique properties of blockchain enable central requirements of distributed secure logging: Immutability, integrity, and availability. Especially when providing transparency about data usages, a blockchain-based secure log can be…

Cryptography and Security · Computer Science 2021-06-22 Valentin Zieglmeier , Gabriel Loyola Daiqui

In an age of financial system digitisation and the increasing adoption of digital currencies, Central Bank Digital Currencies (CBDCs) have emerged as a focal point for technological innovation. Privacy compliance has become a key factor in…

Cryptography and Security · Computer Science 2026-03-02 Jeff Nijsse , Andrea Pinto

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

Many anonymous communication networks (ACNs) with different privacy goals have been developed. However, there are no accepted formal definitions of privacy and ACNs often define their goals and adversary models ad hoc. However, for the…

Cryptography and Security · Computer Science 2019-01-17 Christiane Kuhn , Martin Beck , Stefan Schiffner , Eduard Jorswieck , Thorsten Strufe

Cryptocurrencies based on decentralized systems, especially blockchain, are gaining popularity more than ever. Freedom advocates hail blockchain technology as a breakthrough in digital privacy and internet anonymity. Unfortunately, after…

Cryptography and Security · Computer Science 2021-10-18 Amin Aghaee

Cryptocurrencies typically aim at preserving the privacy of their users. Different cryptocurrencies preserve privacy at various levels, some of them requiring users to rely on strategies to raise the privacy level to their needs. Among…

Cryptography and Security · Computer Science 2021-01-05 Jefferson E. Simoes , Eduardo Ferreira , Daniel S. Menasche , Carlos A. V. Campos

Bitcoins have recently become an increasingly popular cryptocurrency through which users trade electronically and more anonymously than via traditional electronic transfers. Bitcoin's design keeps all transactions in a public ledger. The…

Cryptography and Security · Computer Science 2015-02-06 Michael Fleder , Michael S. Kester , Sudeep Pillai

MimbleWimble (MW) is a privacy-oriented cryptocurrency technology which provides security and scalability properties that distinguish it from other protocols of its kind. We present and discuss those properties and outline the basis of a…

Cryptography and Security · Computer Science 2021-04-05 Adrián Silveira , Gustavo Betarte , Maximiliano Cristiá , Carlos Luna

Anonymity in Bitcoin, a peer-to-peer electronic currency system, is a complicated issue. Within the system, users are identified by public-keys only. An attacker wishing to de-anonymize its users will attempt to construct the one-to-many…

Physics and Society · Physics 2012-05-08 Fergal Reid , Martin Harrigan

Bitcoin is a decentralized, pseudonymous cryptocurrency that is one of the most used digital assets to date. Its unregulated nature and inherent anonymity of users have led to a dramatic increase in its use for illicit activities. This…

Cryptography and Security · Computer Science 2019-10-16 Francesco Zola , Maria Eguimendia , Jan Lukas Bruse , Raul Orduna Urrutia

Privacy-preserving blockchain systems are essential for protecting transaction data, yet they must also provide auditability that enables auditors to recover participant identities and transaction amounts when warranted. Existing designs…

Cryptography and Security · Computer Science 2025-09-11 Zihan Liu , Xiaohu Wang , Chao Lin , Minghui Xu , Debiao He , Xinyi Huang

Privacy is one of the essential pillars for the widespread adoption of blockchains, but public blockchains are transparent by nature. Modern analytics techniques can easily subdue the pseudonymity feature of a blockchain user. Some…

Cryptography and Security · Computer Science 2025-06-10 Amit Chaudhary , Hamish Ivey-Law

Two taxonomies of money that include cryptocurrencies are analyzed. A definition of the term cryptocurrency is given and a taxonomy of them is presented, based on how its price is fixed. The characteristics of the use of current fiat money…

General Finance · Quantitative Finance 2020-02-21 Jorge Barrera

Payment channel networks, and the Lightning Network in particular, seem to offer a solution to the lack of scalability and privacy offered by Bitcoin and other blockchain-based cryptocurrencies. Previous research has focused on the…

Cryptography and Security · Computer Science 2021-01-22 George Kappos , Haaroon Yousaf , Ania Piotrowska , Sanket Kanjalkar , Sergi Delgado-Segura , Andrew Miller , Sarah Meiklejohn

The problem we address is the following: how can a user employ a predictive model that is held by a third party, without compromising private information. For example, a hospital may wish to use a cloud service to predict the readmission…

Machine Learning · Computer Science 2014-12-25 Pengtao Xie , Misha Bilenko , Tom Finley , Ran Gilad-Bachrach , Kristin Lauter , Michael Naehrig

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

This article surveys blockchain-based approaches for several security services. These services include authentication, confidentiality, privacy, and access control list (ACL), data and resource provenance, and integrity assurance. All these…

Cryptography and Security · Computer Science 2018-10-23 Tara Salman , Maede Zolanvari , Aiman Erbad , Raj Jain , Mohammed Samaka

Implicit authentication consists of a server authenticating a user based on the user's usage profile, instead of/in addition to relying on something the user explicitly knows (passwords, private keys, etc.). While implicit authentication…

Cryptography and Security · Computer Science 2015-03-03 Josep Domingo-Ferrer , Qianhong Wu , Alberto Blanco-Justicia

Blockchain Technology is an emerging technology with the potential to disrupt a number of application domains. Though blockchain platforms like Bitcoin and Ethereum have seen immense success and acceptability, their nature of being public…

Cryptography and Security · Computer Science 2022-02-14 Ifteher Alom , Md Sadek Ferdous , Mohammad Jabed Morshed Chowdhury