Tuesday, September 22, 2015

A Proposal to Revamp Bitcoin Based on TOR Technology

Transaction Remote Release (TRR): A New Anonymization Technology for Bitcoin


ShenTu et al


The anonymity of the Bitcoin system has some shortcomings. Analysis of Transaction Chain (ATC) and Analysis of Bitcoin Protocol and Network (ABPN) are two important methods of deanonymizing bitcoin transactions. Nowadays, there are some anonymization methods to combat ATC but there has been little research into ways to counter ABPN. This paper proposes a new anonymization technology called Transaction Remote Release (TRR). Inspired by The Onion Router (TOR), TRR is able to render several typical attacking methods of ABPN ineffective. Furthermore, the performance of encryption and decryption of TRR is good and the growth rate of the cipher is very limited. Hence, TRR is suited for practical applications.

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