484 research outputs found

    MixEth: Efficient, Trustless Coin Mixing Service for Ethereum

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    Coin mixing is a prevalent privacy-enhancing technology for cryptocurrency users. In this paper, we present MixEth, which is a trustless coin mixing service for Turing-complete blockchains. MixEth does not rely on a trusted setup and is more efficient than any proposed trustless coin tumbler. It requires only 3 on-chain transactions at most per user and 1 off-chain message. It achieves strong notions of anonymity and is able to resist denial-of-service attacks. Furthermore the underlying protocol can also be used to efficiently shuffle ballots, ciphertexts in a trustless and decentralized manner

    The potential effect off-chain instant payments will have on cryptocurrency scalability issues – The Lightning Network

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    The rapid increase in popularity regarding cryptocurrency and specifically Bitcoin has been unprecedented over the past number of years. However, scalability has become a major barrier keeping it from gaining wide spread mass adoption. The purpose of this paper will be to investigate the potential effect off-chain instant payments will have on cryptocurrency scalability issues, with a focus on the Lightning Network. This will be achieved by means of a quantitative study through the process of testing various factors associated with the Lightning Network against another potential scalability solution, increasing block size limit. This study will provide comprehensive insight into off-chain instant payments generally and the Lightning Network specifically. This research paper will, therefore, primarily add to the body of knowledge indicating whether the Lightning Network is a potential solution to scaling the Bitcoin blockchain. In addition, it will lay a foundation for future research into the scalability of cryptocurrency
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