Security Enhancement In Bitcoin Protocol

@article{Bala2018SecurityEI,
  title={Security Enhancement In Bitcoin Protocol},
  author={Rajni Bala and Rajendiran Manoharan},
  journal={2018 International Conference on Wireless Communications, Signal Processing and Networking (WiSPNET)},
  year={2018},
  pages={1-4}
}
The radical growth of Bitcoin revolutionized the field of digital currencies by offering a secure replacement for online electronic payments like card payments and Internet banking. Notably, Bitcoin has become popular since it maintains the anonymity of the users and enables peer-to-peer instant payments across the world. It is a decentralized money transfer protocol that does transactions without exposing user credentials and does verifications without any third-party intervention. Though it… CONTINUE READING

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Figures, Results, and Topics from this paper.

Key Quantitative Results

  • The third-party intervention is eliminated in Bitcoin protocol by the concept of decentralization which introduced security issues like double spending, block withholding and 51% attacks.

References

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