The Network Coding and Reliable Communications Group
Seminar
DATE:Wednesday, May 3, 2017
Time: 3:00 PM
The Network Coding and Reliable Communications Group
Seminar
DATE:Wednesday, May 3, 2017
Time: 3:00 PM
Room: Haus Room (36-428)
Giulia Fanti
University of Illinois Urbana-Champaign
ANONYMITY IN THE BITCOIN PEER-TO-PEER NET- WORK
Abstract:
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.
BIO:
Giulia Fanti is a postdoc at the University of Illinois at Urbana-Champaign, studying privacy-preserving technologies under Professor Pramod Viswanath. She will join Carnegie Mellon University in 2017 as an Assistant Professor of ECE. She previously obtained her Ph.D. and M.S. in EECS fro
Giulia Fanti
University of Illinois Urbana-Champaign
ANONYMITY IN THE BITCOIN PEER-TO-PEER NET- WORK
Abstract:
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.
BIO:
Giulia Fanti is a postdoc at the University of Illinois at Urbana-Champaign, studying privacy-preserving technologies under Professor Pramod Viswanath. She will join Carnegie Mellon University in 2017 as an Assistant Professor of ECE. She previously obtained her Ph.D. and M.S. in EECS fro
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