Practical Solutions to Save Bitcoins Applied to an Identity System Proposal

Daniel Augot; Hervé Chabanne; William George

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Paper

Practical Solutions to Save Bitcoins Applied to an Identity System Proposal

Topics: Identity and Trust Management

In Proceedings of the 5th International Conference on Information Systems Security and Privacy ICISSP - Volume 1, 511-518, 2019 , Prague, Czech Republic

Authors: Daniel Augot ¹ ; Hervé Chabanne ² and William George ¹

Affiliations: ¹ Inria, France, Laboratoire LIX, École Polytechnique & CNRS UMR 7161, France, Université Paris-Saclay and France ; ² Idemia, France, Télécom ParisTech and France

Keyword(s): Bitcoin, Atomic Swaps, Off-chain Payment Channels, Identity System.

Abstract: In a recent work by Augot et al. (2017), a scheme is proposed to build an identity system on top of the Bitcoin network. However, this proposal incurs very high costs since Bitcoin transactions require heavy fees. The current work introduces modifications to their scheme to make it more cost efficient while preserving its potential. Namely, we build on features of Bitcoin’s scripting language, which allows swapping coins between two compatible blockchains, and also on off-chain transactions.

CC BY-NC-ND 4.0

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Paper citation in several formats:

Augot, D.; Chabanne, H. and George, W. (2019). Practical Solutions to Save Bitcoins Applied to an Identity System Proposal. In Proceedings of the 5th International Conference on Information Systems Security and Privacy - ICISSP; ISBN 978-989-758-359-9; ISSN 2184-4356, SciTePress, pages 511-518. DOI: 10.5220/0007443905110518

@conference{icissp19,
author={Daniel Augot. and Hervé Chabanne. and William George.},
title={Practical Solutions to Save Bitcoins Applied to an Identity System Proposal},
booktitle={Proceedings of the 5th International Conference on Information Systems Security and Privacy - ICISSP},
year={2019},
pages={511-518},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007443905110518},
isbn={978-989-758-359-9},
issn={2184-4356},
}

TY - CONF

JO - Proceedings of the 5th International Conference on Information Systems Security and Privacy - ICISSP
TI - Practical Solutions to Save Bitcoins Applied to an Identity System Proposal
SN - 978-989-758-359-9
IS - 2184-4356
AU - Augot, D.
AU - Chabanne, H.
AU - George, W.
PY - 2019
SP - 511
EP - 518
DO - 10.5220/0007443905110518
PB - SciTePress