A Survey on Approaches to Anonymity in Bitcoin and Other Crypto Currencies

Authors

  • Shravanthi  Information Science and Engineering, GSSSIETW, Mysore, Karnataka, India
  • Pooja R  Information Science and Engineering, GSSSIETW, Mysore, Karnataka, India
  • Bhagya Shree J  Information Science and Engineering, GSSSIETW, Mysore, Karnataka, India

Keywords:

Bit coin, crypto currencies, coin mixing, anonymity, transaction linkability

Abstract

Bitcoin is a crypto currency with several advantages over approaches. Transactions are confirmed and stored by a peer-to-peer network in a blockchain. Therefore, all transactions are public and soon solutions where designed to increase privacy in Bitcoin. Many come with downsides, like requiring a trusted third-party or requiring modifications to Bitcoin. In this paper, we compare these approaches according to several criteria. Based on survey, coin Join emerges as the best approach for anonymizing Bitcoins today.

References

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  2. Bonneau, Joseph; Narayanan, Arvind; Miller, Andrew; Clark, Jeremy; Kroll, Joshua A; Felten, Edward W: Mixcoin: Anonymity for Bitcoin with accountable mixes. In: Financial Cryptography and Data Security, pp. 486ą504. Springer, 2014.
  3. Bonneau, Joseph; Miller, Andrew; Clark, Jeremy; Narayanan, Arvind; Kroll, Joshua A; Felten, Edward W: Research Perspectives and Challenges for Bitcoin and Cryptocurrencies. Technical report, Cryptology ePrint Archive, Report 2015/452, 2015.
  4. Maxwell, Gregory: , CoinJoin: Bitcoin privacy for the real world, 2013.
  5. Maxwell, Gregory: CoinSwap: transaction graph disjoint trustless trading. CoinSwap: Transaction graph disjoint trustless trading, 2013.
  6. Miers, Ian; Garman, Christina; Green, Matthew; Rubin, Aviel D: Zerocoin: Anonymous distributed e-cash from bitcoin. In: Security and Privacy (SP), 2013 IEEE Symposium on. IEEE, pp. 397411, 2013.

IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology

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Published

2018-05-08

Issue

Volume 4, Issue 6, May-June-2018

Section

Research Articles

License

Copyright (c) IJSRCSEIT

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Shravanthi, Pooja R, Bhagya Shree J, " A Survey on Approaches to Anonymity in Bitcoin and Other Crypto Currencies, IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology(IJSRCSEIT), ISSN : 2456-3307, Volume 4, Issue 6, pp.162-165, May-June-2018.