An Empirical Analysis of Linkability in the Monero Blockchain

@article{Miller2017AnEA,
  title={An Empirical Analysis of Linkability in the Monero Blockchain},
  author={Andrew Miller and Malte M{\"o}ser and Kevin Lee and Arvind Narayanan},
  journal={CoRR},
  year={2017},
  volume={abs/1704.04299}
}
Monero is a privacy-centric cryptocurrency that allows users to obscure their transaction graph by including chaff coins, called “mixins,” along with the actual coins they spend. In this report, we empirically evaluate two weaknesses in Monero’s mixin sampling strategy. First, about 62% of transaction inputs with one or more mixins are vulnerable to “chain-reaction” analysis — that is, the real input can be deduced by elimination, e.g. because the mixins they include are spent by 0-mixin… CONTINUE READING
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