Practical Solutions to Save Bitcoins Applied to an Identity System Proposal - Télécom Paris Access content directly
Conference Papers Year : 2019

Practical Solutions to Save Bitcoins Applied to an Identity System Proposal

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.

Dates and versions

hal-02347238 , version 1 (05-11-2019)

Identifiers

Cite

Daniel Augot, Hervé Chabanne, William George. Practical Solutions to Save Bitcoins Applied to an Identity System Proposal. ICISSP 2019 - 5th International Conference on Information Systems Security and Privacy, Feb 2019, Prague, Czech Republic. pp.511-518, ⟨10.5220/0007443905110518⟩. ⟨hal-02347238⟩
94 View
0 Download

Altmetric

Share

Gmail Mastodon Facebook X LinkedIn More