Practical Analysis of Traceability Problem in Monero’s Blockchain

Michal Kedziora; Wojciech Wojtysiak

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Paper

Practical Analysis of Traceability Problem in Monero’s Blockchain

Topics: Cloud Computing

In Proceedings of the 15th International Conference on Evaluation of Novel Approaches to Software Engineering ENASE - Volume 1, 261-268, 2020

Authors: Michal Kedziora and Wojciech Wojtysiak

Affiliation: Faculty of Computer Science and Management, Wroclaw University of Science and Technology, Wroclaw, Poland

Keyword(s): Blockchain, Cryptocurrency, Traceability, Monero.

Abstract: This paper presents an analysis of the cryptocurrency security based on the traceability problem in the Monero Blockchain. Researchers found a weakness in Monero transactions in the beginning of the network existence, where the real input could be deduced by the elimination. We decided to do further research on the newest data available after several Monero updates where introduced and implemented to evaluate, if this weakness is still available in the recent transactions. The analysis of the existing sizes of ”Ring Signature” in transactions in subsequent versions of the Monero network has proven that the minimum required size for a given version is most often used, which can in some rare situation potentially lead to the creation of a user profile, and identifying transaction.

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Paper citation in several formats:

Kedziora, M. and Wojtysiak, W. (2020). Practical Analysis of Traceability Problem in Monero’s Blockchain. In Proceedings of the 15th International Conference on Evaluation of Novel Approaches to Software Engineering - ENASE; ISBN 978-989-758-421-3; ISSN 2184-4895, SciTePress, pages 261-268. DOI: 10.5220/0009325802610268

@conference{enase20,
author={Michal Kedziora and Wojciech Wojtysiak},
title={Practical Analysis of Traceability Problem in Monero’s Blockchain},
booktitle={Proceedings of the 15th International Conference on Evaluation of Novel Approaches to Software Engineering - ENASE},
year={2020},
pages={261-268},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009325802610268},
isbn={978-989-758-421-3},
issn={2184-4895},
}

TY - CONF

JO - Proceedings of the 15th International Conference on Evaluation of Novel Approaches to Software Engineering - ENASE
TI - Practical Analysis of Traceability Problem in Monero’s Blockchain
SN - 978-989-758-421-3
IS - 2184-4895
AU - Kedziora, M.
AU - Wojtysiak, W.
PY - 2020
SP - 261
EP - 268
DO - 10.5220/0009325802610268
PB - SciTePress