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Related papers: Adoption and Actual Privacy of Decentralized CoinJ…

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A coinjoin protocol aims to increase transactional privacy for Bitcoin and Bitcoin-like blockchains via collaborative transactions, by violating assumptions behind common analysis heuristics. Estimating the resulting privacy gain is a…

Cryptography and Security · Computer Science 2025-10-21 Jiri Gavenda , Petr Svenda , Stanislav Bobon , Vladimir Sedlacek

This research delves into the intricacies of Bitcoin, a decentralized peer-to-peer network, and its associated blockchain, which records all transactions since its inception. While this ensures integrity and transparency, the transparent…

Cryptography and Security · Computer Science 2023-11-22 Hugo Schnoering , Michalis Vazirgiannis

Cryptocurrencies gained lots of attention mainly because of the anonymous way of online payment, which they suggested. Meanwhile, Bitcoin and other major cryptocurrencies have experienced severe deanonymization attacks. To address these…

Cryptography and Security · Computer Science 2022-04-06 Ardeshir Shojaeenasab , Amir Pasha Motamed , Behnam Bahrak

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

One reason for the popularity of Bitcoin is due to its anonymity. Although several heuristics have been used to break the anonymity, new approaches are proposed to enhance its anonymity at the same time. One of them is the mixing service.…

Cryptography and Security · Computer Science 2021-03-03 Lei Wu , Yufeng Hu , Yajin Zhou , Haoyu Wang , Xiaopu Luo , Zhi Wang , Fan Zhang , Kui Ren

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

Unlike suggested during their early years of existence, Bitcoin and similar cryptocurrencies in fact offer significantly less privacy as compared to traditional banking. A myriad of privacy-enhancing extensions to those cryptocurrencies as…

Cryptography and Security · Computer Science 2022-04-21 Christiane Kuhn , Aniket Kate , Thorsten Strufe

Privacy-seeking cryptocurrency users rely on anonymization techniques like CoinJoin and ring transactions. By using such technologies benign users potentially provide anonymity to bad actors. We propose overlay protocols to resolve the…

Cryptography and Security · Computer Science 2021-03-01 Patrik Keller , Martin Florian , Rainer Böhme

This thesis presents techniques to investigate transactions in uncharted cryptocurrencies and services. Cryptocurrencies are used to securely send payments online. Payments via the first cryptocurrency, Bitcoin, use pseudonymous addresses…

Cryptography and Security · Computer Science 2022-03-29 Haaroon Yousaf

Little or no research has been directed to analysis and researching forensic analysis of the Bitcoin mixing or 'tumbling' service themselves. This work is intended to examine effective tooling and methodology for recovering forensic…

Cryptography and Security · Computer Science 2021-10-06 Edward Henry Young , Christos Chrysoulas , Nikolaos Pitropakis , Pavlos Papadopoulos , William J Buchanan

Monero is a privacy-centric cryptocurrency that allows users to obscure their transactions by including chaff coins, called "mixins," along with the actual coins they spend. In this paper, we empirically evaluate two weaknesses in Monero's…

Zero-knowledge proof (ZKP) mixers are one of the most widely-used blockchain privacy solutions, operating on top of smart contract-enabled blockchains. We find that ZKP mixers are tightly intertwined with the growing number of Decentralized…

Cryptography and Security · Computer Science 2023-03-07 Zhipeng Wang , Stefanos Chaliasos , Kaihua Qin , Liyi Zhou , Lifeng Gao , Pascal Berrang , Ben Livshits , Arthur Gervais

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

As the first decentralized peer-to-peer (P2P) cryptocurrency system allowing people to trade with pseudonymous addresses, Bitcoin has become increasingly popular in recent years. However, the P2P and pseudonymous nature of Bitcoin make…

Social and Information Networks · Computer Science 2022-01-20 Jiajing Wu , Jieli Liu , Weili Chen , Huawei Huang , Zibin Zheng , Yan Zhang

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

DEX, or decentralized exchange, is a prominent class of decentralized finance (DeFi) applications on blockchains, attracting a total locked value worth tens of billions of USD today. This paper presents the first large-scale empirical study…

Cryptography and Security · Computer Science 2024-01-23 Jiaqi Chen , Yibo Wang , Yuxuan Zhou , Wanning Ding , Yuzhe Tang , XiaoFeng Wang , Kai Li

Bitcoin is a digital currency which relies on a distributed set of miners to mint coins and on a peer-to-peer network to broadcast transactions. The identities of Bitcoin users are hidden behind pseudonyms (public keys) which are…

Cryptography and Security · Computer Science 2014-07-08 Alex Biryukov , Dmitry Khovratovich , Ivan Pustogarov

Much of the recent excitement around decentralized finance (DeFi) comes from hopes that DeFi can be a secure, private, less centralized alternative to traditional finance systems. However, people moving to DeFi sites in hopes of improving…

Cryptography and Security · Computer Science 2023-02-07 Philipp Winter , Anna Harbluk Lorimer , Peter Snyder , Benjamin Livshits

Cryptocurrencies aim to replicate physical cash in the digital realm while removing centralized and trusted intermediaries. Decentralization is achieved by the blockchain, a permanent public ledger that contains a record of every…

Cryptography and Security · Computer Science 2024-06-04 Domokos Miklós Kelen , István András Seres

Mining pools, the main components of the Bitcoin network, dominate the computing resources and play essential roles in network security and performance aspects. Although many existing measurements of the Bitcoin network are available,…

Cryptography and Security · Computer Science 2019-02-22 Canhui Wang , Xiaowen Chu , Qin Yang
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