Anonymizing bitcoin transaction

Dimaz Ankaa Wijaya, Joseph K. Liu, Ron Steinfeld, Shi Feng Sun, Xinyi Huang

    Research output: Chapter in Book/Report/Conference proceedingConference PaperResearchpeer-review

    Abstract

    Bitcoin is a new online decentralised payment system equipped by a cryptographic system which runs in a peer-to-peer network. While it denies any central authority, it can still verify and validate the transactions by its protocol. To make the transactions accountable, Bitcoin uses an open database which can be seen and checked by anyone. Despite no direct relationship between the Bitcoin transactions and the identity of the users, the information about the users can still be gathered by analysing the information contained in the transactions. We propose a protocol which minimises the relationship between the transactions to protect the information of the payer from the curious payee.

    Original languageEnglish
    Title of host publicationInformation Security Practice and Experience
    Subtitle of host publication12th International Conference, ISPEC 2016, Zhangjiajie, China, November 16–18, 2016, Proceedings
    EditorsFeng Bao, Liqun Chen, Robert H. Deng, Guojun Wang
    Place of PublicationCham, Switzerland
    PublisherSpringer
    Pages271-283
    Number of pages13
    ISBN (Electronic)9783319491516
    ISBN (Print)9783319491509
    DOIs
    Publication statusPublished - 2016
    EventInformation Security Practice and Experience Conference 2016 - Zhangjiajie, China
    Duration: 16 Nov 201618 Nov 2016
    Conference number: 12th
    https://link.springer.com/book/10.1007/978-3-319-49151-6

    Publication series

    NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
    Publisher Springer
    Volume10060
    ISSN (Print)0302-9743
    ISSN (Electronic)1611-3349

    Conference

    ConferenceInformation Security Practice and Experience Conference 2016
    Abbreviated titleISPEC 2016
    CountryChina
    CityZhangjiajie
    Period16/11/1618/11/16
    Internet address

    Keywords

    • Anonymity
    • Bitcoin
    • Privacy

    Cite this

    Wijaya, D. A., Liu, J. K., Steinfeld, R., Sun, S. F., & Huang, X. (2016). Anonymizing bitcoin transaction. In F. Bao, L. Chen, R. H. Deng, & G. Wang (Eds.), Information Security Practice and Experience : 12th International Conference, ISPEC 2016, Zhangjiajie, China, November 16–18, 2016, Proceedings (pp. 271-283). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 10060 ). Cham, Switzerland: Springer. https://doi.org/10.1007/978-3-319-49151-6_19
    Wijaya, Dimaz Ankaa ; Liu, Joseph K. ; Steinfeld, Ron ; Sun, Shi Feng ; Huang, Xinyi. / Anonymizing bitcoin transaction. Information Security Practice and Experience : 12th International Conference, ISPEC 2016, Zhangjiajie, China, November 16–18, 2016, Proceedings. editor / Feng Bao ; Liqun Chen ; Robert H. Deng ; Guojun Wang. Cham, Switzerland : Springer, 2016. pp. 271-283 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).
    @inproceedings{4973e1e74f944ba0ada0aa2c2a5ae8cc,
    title = "Anonymizing bitcoin transaction",
    abstract = "Bitcoin is a new online decentralised payment system equipped by a cryptographic system which runs in a peer-to-peer network. While it denies any central authority, it can still verify and validate the transactions by its protocol. To make the transactions accountable, Bitcoin uses an open database which can be seen and checked by anyone. Despite no direct relationship between the Bitcoin transactions and the identity of the users, the information about the users can still be gathered by analysing the information contained in the transactions. We propose a protocol which minimises the relationship between the transactions to protect the information of the payer from the curious payee.",
    keywords = "Anonymity, Bitcoin, Privacy",
    author = "Wijaya, {Dimaz Ankaa} and Liu, {Joseph K.} and Ron Steinfeld and Sun, {Shi Feng} and Xinyi Huang",
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    Wijaya, DA, Liu, JK, Steinfeld, R, Sun, SF & Huang, X 2016, Anonymizing bitcoin transaction. in F Bao, L Chen, RH Deng & G Wang (eds), Information Security Practice and Experience : 12th International Conference, ISPEC 2016, Zhangjiajie, China, November 16–18, 2016, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 10060 , Springer, Cham, Switzerland, pp. 271-283, Information Security Practice and Experience Conference 2016, Zhangjiajie, China, 16/11/16. https://doi.org/10.1007/978-3-319-49151-6_19

    Anonymizing bitcoin transaction. / Wijaya, Dimaz Ankaa; Liu, Joseph K.; Steinfeld, Ron; Sun, Shi Feng; Huang, Xinyi.

    Information Security Practice and Experience : 12th International Conference, ISPEC 2016, Zhangjiajie, China, November 16–18, 2016, Proceedings. ed. / Feng Bao; Liqun Chen; Robert H. Deng; Guojun Wang. Cham, Switzerland : Springer, 2016. p. 271-283 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 10060 ).

    Research output: Chapter in Book/Report/Conference proceedingConference PaperResearchpeer-review

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    AU - Liu, Joseph K.

    AU - Steinfeld, Ron

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    Y1 - 2016

    N2 - Bitcoin is a new online decentralised payment system equipped by a cryptographic system which runs in a peer-to-peer network. While it denies any central authority, it can still verify and validate the transactions by its protocol. To make the transactions accountable, Bitcoin uses an open database which can be seen and checked by anyone. Despite no direct relationship between the Bitcoin transactions and the identity of the users, the information about the users can still be gathered by analysing the information contained in the transactions. We propose a protocol which minimises the relationship between the transactions to protect the information of the payer from the curious payee.

    AB - Bitcoin is a new online decentralised payment system equipped by a cryptographic system which runs in a peer-to-peer network. While it denies any central authority, it can still verify and validate the transactions by its protocol. To make the transactions accountable, Bitcoin uses an open database which can be seen and checked by anyone. Despite no direct relationship between the Bitcoin transactions and the identity of the users, the information about the users can still be gathered by analysing the information contained in the transactions. We propose a protocol which minimises the relationship between the transactions to protect the information of the payer from the curious payee.

    KW - Anonymity

    KW - Bitcoin

    KW - Privacy

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    DO - 10.1007/978-3-319-49151-6_19

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    SN - 9783319491509

    T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)

    SP - 271

    EP - 283

    BT - Information Security Practice and Experience

    A2 - Bao, Feng

    A2 - Chen, Liqun

    A2 - Deng, Robert H.

    A2 - Wang, Guojun

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    ER -

    Wijaya DA, Liu JK, Steinfeld R, Sun SF, Huang X. Anonymizing bitcoin transaction. In Bao F, Chen L, Deng RH, Wang G, editors, Information Security Practice and Experience : 12th International Conference, ISPEC 2016, Zhangjiajie, China, November 16–18, 2016, Proceedings. Cham, Switzerland: Springer. 2016. p. 271-283. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). https://doi.org/10.1007/978-3-319-49151-6_19