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We present a first measurement study on the adoption and actual privacy of two popular decentralized CoinJoin implementations, Wasabi and Samourai, in the broader Bitcoin ecosystem. By applying highly accurate (> 99%) algorithms we can…

Cryptography and Security · Computer Science 2022-09-15 Rainer Stütz , Johann Stockinger , Bernhard Haslhofer , Pedro Moreno-Sanchez , Matteo Maffei

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

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

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

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…

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

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

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

Cryptocurrency users increasingly rely on obfuscation techniques such as mixers, swappers, and decentralised or no-KYC exchanges to protect their anonymity. However, at the same time, these services are exploited by criminals to conceal and…

Cryptography and Security · Computer Science 2025-04-17 Francesco Zola , Jon Ander Medina , Andrea Venturi , Raul Orduna

Blockchain technologies have overturned the digital finance industry by introducing a decentralized pseudonymous means of monetary transfer. The pseudonymous nature introduced privacy concerns, enabling various deanonymization techniques,…

Cryptography and Security · Computer Science 2025-04-30 Juraj Mariani , Ivan Homoliak

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

Increasing awareness of privacy-preserving has led to a strong focus on anonymous systems protecting anonymity. By studying early schemes, we summarize some intractable problems of anonymous systems. Centralization setting is a universal…

Cryptography and Security · Computer Science 2020-09-25 Renpeng Zou , Xixiang Lv

The Bitcoin cryptocurrency records its transactions in a public log called the blockchain. Its security rests critically on the distributed protocol that maintains the blockchain, run by participants called miners. Conventional wisdom…

Cryptography and Security · Computer Science 2013-11-18 Ittay Eyal , Emin Gun Sirer

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

The synergetic gains of spectrum sharing and millimeter wave communication networks have recently attracted attention, owing to the interference canceling benefits of highly-directional beamforming in such systems. In principle, fine-tuned…

Signal Processing · Electrical Eng. & Systems 2019-04-02 Flavio Maschietti , Paul de Kerret , David Gesbert

With the onset of the Information Era and the rapid growth of information technology, ample space for processing and extracting data has opened up. However, privacy concerns may stifle expansion throughout this area. The challenge of…

Cryptography and Security · Computer Science 2023-04-24 Dhinakaran D , Joe Prathap P. M , Selvaraj D , Arul Kumar D , Murugeshwari B

Privacy was one of the key points mentioned in Nakamoto's Bitcoin whitepaper, and one of the selling points of Bitcoin in its early stages. In hindsight, however, de-anonymising Bitcoin users turned out to be more feasible than expected.…

Cryptography and Security · Computer Science 2019-01-14 Sarah Azouvi , Haaroon Yousaf , Alexander Hicks

Bitcoin is a cryptocurrency that features a distributed, decentralized and trustworthy mechanism, which has made Bitcoin a popular global transaction platform. The transaction efficiency among nations and the privacy benefiting from address…

Cryptography and Security · Computer Science 2019-03-20 Yu-Jing Lin , Po-Wei Wu , Cheng-Han Hsu , I-Ping Tu , Shih-wei Liao
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