Bitter to better – how to make Bitcoin a better currency

Details

Event To be presented at the 16th International Conference on Financial Cryptography and Data Security

Authors

Simon Barber
Xavier Boyen
Elaine Shi
Ersin Uzun
Technical Publications
February 27th 2012
Bitcoin is a distributed digital currency which has attracted a substantial number of users. We perform an in-depth investigation to understand what made Bitcoin so successful, while decades of research on cryptographic e-cash has not lead to a large-scale deployment. We ask also how Bitcoin could become a good candidate for a long-lived stable currency. In doing so, we identify several issues and attacks of Bitcoin, and we propose novel techniques to address them.

Citation

Barber, S.; Boyen, X.; Shi, E.; Uzun, E. Bitter to better - how to make Bitcoin a better currency. 16th International Conference on Financial Cryptography and Data Security; 2012 February 27 - March 2; Bonaire.

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