When: March 29, 2017, 12:30 PM
Location: 3rd Floor Orchard View Room , Discovery Building
Contact: 608-316-4401, email@example.com
Anonymity in the Bitcoin Peer-to-Peer Network
Bitcoin enjoys a public perception of being a privacy-preserving financial system. In reality, Bitcoin has a number of privacy vulnerabilities, including the well-studied fact that transactions can be linked through the public blockchain. More recently, researchers have demonstrated deanonymization attacks that exploit a lower-layer weakness: the Bitcoin peer-to-peer (P2P) networking stack. In particular, the P2P network currently forwards content in a structured way that allows observers to deanonymize users by linking their transactions to the originating IP addresses. In this work, we first demonstrate that current protocols exhibit poor anonymity guarantees, both theoretically and in practice. Then, we consider a first-principles redesign of the P2P network, with the goal of providing strong, provable anonymity guarantees. We propose a simple networking policy called Dandelion, which achieves nearly-optimal anonymity guarantees at minimal cost to the network’s utility.
SILO is a lecture series with speakers from the UW faculty, graduate students or invited researchers that discuss mathematical related topics. The seminars are organized by WID’s Optimization research group and sponsored by generous support of the Advance Technology Group of the 3M Company and the Analytics Group of Northwestern Mutual.
SILO’s purpose is to provide a forum that helps connect and recruit mathematically-minded graduate students. SILO is a lunch-and-listen format, where speakers present interesting math topics while the audience eats lunch.