Transaction Deanonymization in Large-Scale Bitcoin Systems via Propagation Pattern Analysis

Meng Shen*, Junxian Duan, Ning Shang, Liehuang Zhu

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

7 Citations (Scopus)

Abstract

Bitcoin is a digital currency payment system, which bases on the property of decentralization and anonymization of Blockchain. Researches on transaction deanonymization for the Bitcoin system may not associate anonymous transactions with the IP addresses (physical identity) of the originator accurately and may consume network resources excessively. In this paper, we propose an approach to obtain the originating transactions through analyzing the propagation information. We calculate a pattern matching score by combining the propagation pattern extraction and the node weight assignment. Through carrying out the experiments in the real Bitcoin system, we effectively match the originating transactions with the target node, which reaches a precision of 81.3% and is 30% higher than the state-of-the-art method.

Original languageEnglish
Title of host publicationSecurity and Privacy in Digital Economy - 1st International Conference, SPDE 2020, Proceedings
EditorsShui Yu, Peter Mueller, Jiangbo Qian
PublisherSpringer Science and Business Media Deutschland GmbH
Pages661-675
Number of pages15
ISBN (Print)9789811591280
DOIs
Publication statusPublished - 2020
Event1st International Conference on Security and Privacy in Digital Economy, SPDE 2020 - Quzhou, China
Duration: 30 Oct 20201 Nov 2020

Publication series

NameCommunications in Computer and Information Science
Volume1268 CCIS
ISSN (Print)1865-0929
ISSN (Electronic)1865-0937

Conference

Conference1st International Conference on Security and Privacy in Digital Economy, SPDE 2020
Country/TerritoryChina
CityQuzhou
Period30/10/201/11/20

Keywords

  • Bitcoin transactions
  • Data analytics
  • Deanonymization
  • Empirical probability distribution
  • Propagation path

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