Adding confidential transactions to cryptocurrency IOTA with Bulletproofs

Peter Ince; Joseph K. Liu; Peng Zhang

doi:10.1007/978-3-030-02744-5_3

Adding confidential transactions to cryptocurrency IOTA with Bulletproofs

Peter Ince, Joseph K. Liu, Peng Zhang

Department of Software Systems & Cybersecurity

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper › Research

6 Citations (Scopus)

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 language	English
Title of host publication	Network and System Security
Subtitle of host publication	12th International Conference, NSS 2018 Hong Kong, China, August 27–29, 2018 Proceedings
Editors	Man Ho Au, Siu Ming Yiu, Jin Li, Xiapu Luo, Cong Wang, Aniello Castiglione, Kamil Kluczniak
Place of Publication	Cham Switzerland
Publisher	Springer
Pages	32-45
Number of pages	14
ISBN (Electronic)	9783030027445
ISBN (Print)	9783030027438
DOIs	https://doi.org/10.1007/978-3-030-02744-5_3
Publication status	Published - 2018
Event	International Conference on Network and System Security 2018 - Hong Kong, China Duration: 27 Aug 2018 → 29 Aug 2018 Conference number: 12th http://www4.comp.polyu.edu.hk/~nss2018/index.html

Publication series

Name	Lecture Notes in Computer Science
Publisher	Springer
Volume	11058
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Conference

Conference	International Conference on Network and System Security 2018
Abbreviated title	NSS 2018
Country/Territory	China
City	Hong Kong
Period	27/08/18 → 29/08/18
Internet address	http://www4.comp.polyu.edu.hk/~nss2018/index.html

Keywords

Blockchain
Bulletproofs
IOTA

Access to Document

10.1007/978-3-030-02744-5_3

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 ). 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{\textquoteright}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.",

keywords = "Blockchain, Bulletproofs, IOTA",

author = "Peter Ince and Liu, \{Joseph K.\} and Peng Zhang",

year = "2018",

doi = "10.1007/978-3-030-02744-5\_3",

language = "English",

isbn = "9783030027438",

series = "Lecture Notes in Computer Science",

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editor = "Au, \{Man Ho\} and Yiu, \{Siu Ming\} and Jin Li and Xiapu Luo and Cong Wang and Aniello Castiglione and Kamil Kluczniak",

booktitle = "Network and System Security",

address = "Switzerland",

note = "International Conference on Network and System Security 2018, NSS 2018 ; Conference date: 27-08-2018 Through 29-08-2018",

url = "http://www4.comp.polyu.edu.hk/\textasciitilde{}nss2018/index.html",

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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 proceeding › Conference Paper › Research

TY - GEN

T1 - Adding confidential transactions to cryptocurrency IOTA with Bulletproofs

AU - Ince, Peter

AU - Liu, Joseph K.

AU - Zhang, Peng

N1 - Conference code: 12th

PY - 2018

Y1 - 2018

N2 - 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.

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.

KW - Blockchain

KW - Bulletproofs

KW - IOTA

UR - https://www.scopus.com/pages/publications/85059026944

U2 - 10.1007/978-3-030-02744-5_3

DO - 10.1007/978-3-030-02744-5_3

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AN - SCOPUS:85059026944

SN - 9783030027438

T3 - Lecture Notes in Computer Science

SP - 32

EP - 45

BT - Network and System Security

A2 - Au, Man Ho

A2 - Yiu, Siu Ming

A2 - Li, Jin

A2 - Luo, Xiapu

A2 - Wang, Cong

A2 - Castiglione, Aniello

A2 - Kluczniak, Kamil

PB - Springer

CY - Cham Switzerland

T2 - International Conference on Network and System Security 2018

Y2 - 27 August 2018 through 29 August 2018

ER -

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). doi: 10.1007/978-3-030-02744-5_3

Adding confidential transactions to cryptocurrency IOTA with Bulletproofs

Abstract

Publication series

Conference

Keywords

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