Network analysis and traceability on monero blockchain
Monero was introduced as a privacy-focused alternative to Bitcoin in 2014. Based on privacy enhancing features such as ring signatures, stealth addresses and RingCT, it is supposed to protect the privacy of users while still solving the issue of double spending, which is rare in crypto currency. How...
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| Format: | Final Year Project (FYP) |
| Idioma: | English |
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Nanyang Technological University
2021
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| Accés en línia: | https://hdl.handle.net/10356/148293 |
| _version_ | 1826119725073039360 |
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| author | Phua, Jia Sheng |
| author2 | Sourav Sen Gupta |
| author_facet | Sourav Sen Gupta Phua, Jia Sheng |
| author_sort | Phua, Jia Sheng |
| collection | NTU |
| description | Monero was introduced as a privacy-focused alternative to Bitcoin in 2014. Based on privacy enhancing features such as ring signatures, stealth addresses and RingCT, it is supposed to protect the privacy of users while still solving the issue of double spending, which is rare in crypto currency. However, Monero is not foolproof when it comes to privacy, as previous studies have shown that it is vulnerable to weakness such as the 0-mixin attack. In this study, we explore just how much of Monero transactions are traceable, using previously known exploits to de-anonymize Monero inputs. The end goal of this study is to show that Monero is not as untraceable as thought to be, and that for Monero to achieve its privacy goals, it has to enforce privacy-by-default measures, such as using a minimum number of mixins. |
| first_indexed | 2024-10-01T05:04:48Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/148293 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T05:04:48Z |
| publishDate | 2021 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1482932021-04-29T05:35:18Z Network analysis and traceability on monero blockchain Phua, Jia Sheng Sourav Sen Gupta School of Computer Science and Engineering sg.sourav@ntu.edu.sg Engineering::Computer science and engineering::Information systems::Information storage and retrieval Engineering::Computer science and engineering::Computer systems organization::Computer-communication networks Monero was introduced as a privacy-focused alternative to Bitcoin in 2014. Based on privacy enhancing features such as ring signatures, stealth addresses and RingCT, it is supposed to protect the privacy of users while still solving the issue of double spending, which is rare in crypto currency. However, Monero is not foolproof when it comes to privacy, as previous studies have shown that it is vulnerable to weakness such as the 0-mixin attack. In this study, we explore just how much of Monero transactions are traceable, using previously known exploits to de-anonymize Monero inputs. The end goal of this study is to show that Monero is not as untraceable as thought to be, and that for Monero to achieve its privacy goals, it has to enforce privacy-by-default measures, such as using a minimum number of mixins. Bachelor of Engineering (Computer Science) 2021-04-29T05:35:18Z 2021-04-29T05:35:18Z 2021 Final Year Project (FYP) Phua, J. S. (2021). Network analysis and traceability on monero blockchain. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/148293 https://hdl.handle.net/10356/148293 en SCSE20-0548 application/pdf Nanyang Technological University |
| spellingShingle | Engineering::Computer science and engineering::Information systems::Information storage and retrieval Engineering::Computer science and engineering::Computer systems organization::Computer-communication networks Phua, Jia Sheng Network analysis and traceability on monero blockchain |
| title | Network analysis and traceability on monero blockchain |
| title_full | Network analysis and traceability on monero blockchain |
| title_fullStr | Network analysis and traceability on monero blockchain |
| title_full_unstemmed | Network analysis and traceability on monero blockchain |
| title_short | Network analysis and traceability on monero blockchain |
| title_sort | network analysis and traceability on monero blockchain |
| topic | Engineering::Computer science and engineering::Information systems::Information storage and retrieval Engineering::Computer science and engineering::Computer systems organization::Computer-communication networks |
| url | https://hdl.handle.net/10356/148293 |
| work_keys_str_mv | AT phuajiasheng networkanalysisandtraceabilityonmoneroblockchain |