Verification of Cryptocurrency Mining Using Ethereum

With advancement in computer technology, financial technology has also evolved. Blockchain technology has evolved over the past decade; however, this has also resulted in some malicious attacks. To earn mining rewards of a blockchain, a new type of attack, called cryptojacking, has emerged in the on...

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Main Authors: Dong-Her Shih, Ting-Wei Wu, Tzu-Hsin Hsu, Po-Yuan Shih, David C. Yen
Format: Article
Language:English
Published: IEEE 2020-01-01
Series:IEEE Access
Subjects:
Online Access:https://ieeexplore.ieee.org/document/9127452/
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author Dong-Her Shih
Ting-Wei Wu
Tzu-Hsin Hsu
Po-Yuan Shih
David C. Yen
author_facet Dong-Her Shih
Ting-Wei Wu
Tzu-Hsin Hsu
Po-Yuan Shih
David C. Yen
author_sort Dong-Her Shih
collection DOAJ
description With advancement in computer technology, financial technology has also evolved. Blockchain technology has evolved over the past decade; however, this has also resulted in some malicious attacks. To earn mining rewards of a blockchain, a new type of attack, called cryptojacking, has emerged in the online world. This attack uses the computer resources of a victim to obtain mining rewards without user confirmation. However, this monetization model was originally intended to replace advertising as a source of revenue for a website. To resolve such problems, a storage verification architecture based on smart contracts was proposed in the study. The decentralized system of blockchain enables users to identify and participate in verification of mining sites through Ethereum smart contracts.
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publishDate 2020-01-01
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spelling doaj.art-2a927a3f1b0d4e0da36897d1295b21a52022-12-21T22:53:56ZengIEEEIEEE Access2169-35362020-01-01812035112036010.1109/ACCESS.2020.30055239127452Verification of Cryptocurrency Mining Using EthereumDong-Her Shih0https://orcid.org/0000-0003-1605-8488Ting-Wei Wu1Tzu-Hsin Hsu2Po-Yuan Shih3David C. Yen4Department of Information Management, National Yunlin University of Science and Technology, Douliu, TaiwanDepartment of Information Management, National Yunlin University of Science and Technology, Douliu, TaiwanDepartment of Information Management, National Yunlin University of Science and Technology, Douliu, TaiwanDepartment of Finance, National Yunlin University of Science and Technology, Douliu, TaiwanJesse H. Jones School of Business, Texas Southern University, Houston, TX, USAWith advancement in computer technology, financial technology has also evolved. Blockchain technology has evolved over the past decade; however, this has also resulted in some malicious attacks. To earn mining rewards of a blockchain, a new type of attack, called cryptojacking, has emerged in the online world. This attack uses the computer resources of a victim to obtain mining rewards without user confirmation. However, this monetization model was originally intended to replace advertising as a source of revenue for a website. To resolve such problems, a storage verification architecture based on smart contracts was proposed in the study. The decentralized system of blockchain enables users to identify and participate in verification of mining sites through Ethereum smart contracts.https://ieeexplore.ieee.org/document/9127452/Blockchainscryptojackingmalicious detectionsmart contracts
spellingShingle Dong-Her Shih
Ting-Wei Wu
Tzu-Hsin Hsu
Po-Yuan Shih
David C. Yen
Verification of Cryptocurrency Mining Using Ethereum
IEEE Access
Blockchains
cryptojacking
malicious detection
smart contracts
title Verification of Cryptocurrency Mining Using Ethereum
title_full Verification of Cryptocurrency Mining Using Ethereum
title_fullStr Verification of Cryptocurrency Mining Using Ethereum
title_full_unstemmed Verification of Cryptocurrency Mining Using Ethereum
title_short Verification of Cryptocurrency Mining Using Ethereum
title_sort verification of cryptocurrency mining using ethereum
topic Blockchains
cryptojacking
malicious detection
smart contracts
url https://ieeexplore.ieee.org/document/9127452/
work_keys_str_mv AT donghershih verificationofcryptocurrencyminingusingethereum
AT tingweiwu verificationofcryptocurrencyminingusingethereum
AT tzuhsinhsu verificationofcryptocurrencyminingusingethereum
AT poyuanshih verificationofcryptocurrencyminingusingethereum
AT davidcyen verificationofcryptocurrencyminingusingethereum