Title: Anonymity and the Obfuscation Issues in the Cryptographic Currency: Bitcoin

Author(s): Rishav Chatterjee

 DOI : https://dx.doi.org/10.18535/ijecs/v6i7.19


Under Graduate Student

School of Computer Science & Engineering

Kalinga Institute of Industrial Technology

Bhubaneswar, India

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Abstract

Bitcoin is the cryptographic currency where all transactions are recorded in the blockchain — a public, global, and immutable ledger. Because transactions are public, Bitcoin and its users employ obfuscation to maintain a degree of financial privacy. Critically, and in contrast to typical uses of obfuscation, in Bitcoin obfuscation is not aimed against the system designer but is instead enabled by design. We map sixteen proposed privacy-preserving techniques for Bitcoin on an obfuscation-vs.-cryptography axis, and find that those that are used in practice tend toward obfuscation. We argue that this has led to a balance between privacy and regulatory acceptance

 


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

 

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e-ISSN:  2319-724

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The“International Journal of Engineering  and computer science”(IJECS™) is an international online journal in English published monthly. The aim of IJECS is to publish peer reviewed research and review articles in rapidly developing field of engineering science and technology

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