Adding confidential transactions to cryptocurrency IOTA with Bulletproofs

Peter Ince, Joseph K. Liu, Peng Zhang

Research output: Chapter in Book/Report/Conference proceedingConference PaperResearch

Abstract

IOTA, one of the largest cryptocurrencies in the world, is a platform that links together Internet of Things (IoT) devices and is specifically built for fee-free machine-to-machine micropayments and messaging. One of IOTA’s core features is the Tangle - which is a new distributed ledger concept that tracks all payments and interactions. Despite its new features, there are some potential privacy issues associated when users combine the ubiquity and integration of the IoT and machine-to-machine transactions in our foreseeable future. In this paper, we describe an implementation that Bulletproof technique [9] with the IOTA platform to allow the hiding of transaction values and user balances.

Original languageEnglish
Title of host publicationNetwork and System Security
Subtitle of host publication12th International Conference, NSS 2018 Hong Kong, China, August 27–29, 2018 Proceedings
EditorsMan Ho Au, Siu Ming Yiu, Jin Li, Xiapu Luo, Cong Wang, Aniello Castiglione, Kamil Kluczniak
Place of PublicationCham Switzerland
PublisherSpringer
Pages32-45
Number of pages14
ISBN (Electronic)9783030027445
ISBN (Print)9783030027438
DOIs
Publication statusPublished - 2018
EventInternational Conference on Network and System Security 2018 - Hong Kong, China
Duration: 27 Aug 201829 Aug 2018
Conference number: 12th
http://www4.comp.polyu.edu.hk/~nss2018/index.html

Publication series

NameLecture Notes in Computer Science
PublisherSpringer
Volume11058
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

ConferenceInternational Conference on Network and System Security 2018
Abbreviated titleNSS 2018
CountryChina
CityHong Kong
Period27/08/1829/08/18
Internet address

Keywords

  • Blockchain
  • Bulletproofs
  • IOTA

Cite this

Ince, P., Liu, J. K., & Zhang, P. (2018). Adding confidential transactions to cryptocurrency IOTA with Bulletproofs. In M. H. Au, S. M. Yiu, J. Li, X. Luo, C. Wang, A. Castiglione, & K. Kluczniak (Eds.), Network and System Security : 12th International Conference, NSS 2018 Hong Kong, China, August 27–29, 2018 Proceedings (pp. 32-45). (Lecture Notes in Computer Science; Vol. 11058 ). Cham Switzerland: Springer. https://doi.org/10.1007/978-3-030-02744-5_3
Ince, Peter ; Liu, Joseph K. ; Zhang, Peng. / Adding confidential transactions to cryptocurrency IOTA with Bulletproofs. Network and System Security : 12th International Conference, NSS 2018 Hong Kong, China, August 27–29, 2018 Proceedings. editor / Man Ho Au ; Siu Ming Yiu ; Jin Li ; Xiapu Luo ; Cong Wang ; Aniello Castiglione ; Kamil Kluczniak. Cham Switzerland : Springer, 2018. pp. 32-45 (Lecture Notes in Computer Science).
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title = "Adding confidential transactions to cryptocurrency IOTA with Bulletproofs",
abstract = "IOTA, one of the largest cryptocurrencies in the world, is a platform that links together Internet of Things (IoT) devices and is specifically built for fee-free machine-to-machine micropayments and messaging. One of IOTA’s core features is the Tangle - which is a new distributed ledger concept that tracks all payments and interactions. Despite its new features, there are some potential privacy issues associated when users combine the ubiquity and integration of the IoT and machine-to-machine transactions in our foreseeable future. In this paper, we describe an implementation that Bulletproof technique [9] with the IOTA platform to allow the hiding of transaction values and user balances.",
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Ince, P, Liu, JK & Zhang, P 2018, Adding confidential transactions to cryptocurrency IOTA with Bulletproofs. in MH Au, SM Yiu, J Li, X Luo, C Wang, A Castiglione & K Kluczniak (eds), Network and System Security : 12th International Conference, NSS 2018 Hong Kong, China, August 27–29, 2018 Proceedings. Lecture Notes in Computer Science, vol. 11058 , Springer, Cham Switzerland, pp. 32-45, International Conference on Network and System Security 2018, Hong Kong, China, 27/08/18. https://doi.org/10.1007/978-3-030-02744-5_3

Adding confidential transactions to cryptocurrency IOTA with Bulletproofs. / Ince, Peter; Liu, Joseph K.; Zhang, Peng.

Network and System Security : 12th International Conference, NSS 2018 Hong Kong, China, August 27–29, 2018 Proceedings. ed. / Man Ho Au; Siu Ming Yiu; Jin Li; Xiapu Luo; Cong Wang; Aniello Castiglione; Kamil Kluczniak. Cham Switzerland : Springer, 2018. p. 32-45 (Lecture Notes in Computer Science; Vol. 11058 ).

Research output: Chapter in Book/Report/Conference proceedingConference PaperResearch

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AB - IOTA, one of the largest cryptocurrencies in the world, is a platform that links together Internet of Things (IoT) devices and is specifically built for fee-free machine-to-machine micropayments and messaging. One of IOTA’s core features is the Tangle - which is a new distributed ledger concept that tracks all payments and interactions. Despite its new features, there are some potential privacy issues associated when users combine the ubiquity and integration of the IoT and machine-to-machine transactions in our foreseeable future. In this paper, we describe an implementation that Bulletproof technique [9] with the IOTA platform to allow the hiding of transaction values and user balances.

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Ince P, Liu JK, Zhang P. Adding confidential transactions to cryptocurrency IOTA with Bulletproofs. In Au MH, Yiu SM, Li J, Luo X, Wang C, Castiglione A, Kluczniak K, editors, Network and System Security : 12th International Conference, NSS 2018 Hong Kong, China, August 27–29, 2018 Proceedings. Cham Switzerland: Springer. 2018. p. 32-45. (Lecture Notes in Computer Science). https://doi.org/10.1007/978-3-030-02744-5_3