Zerocoin: Anonymous Distributed E-Cash from Bitcoin

@article{Miers2013ZerocoinAD,
  title={Zerocoin: Anonymous Distributed E-Cash from Bitcoin},
  author={Ian Miers and Christina Garman and Matthew Green and Aviel D. Rubin},
  journal={2013 IEEE Symposium on Security and Privacy},
  year={2013},
  pages={397-411}
}
Bitcoin is the first e-cash system to see widespread adoption. While Bitcoin offers the potential for new types of financial interaction, it has significant limitations regarding privacy. Specifically, because the Bitcoin transaction log is completely public, users' privacy is protected only through the use of pseudonyms. In this paper we propose Zerocoin, a cryptographic extension to Bitcoin that augments the protocol to allow for fully anonymous currency transactions. Our system uses standard… CONTINUE READING

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