ZIMA, Michal. Coincer: Decentralised Trustless Platform for Exchanging Decentralised Cryptocurrencies. In Zhengand Yan, Refikand Molva, Wojciechand Mazurczyk and Raimo Kantola. Network and System Security: 11th International Conference, NSS 2017, Helsinki, Finland, August 21--23, 2017, Proceedings. Cham: Springer International Publishing, 2017. p. 672-682, 11 pp. ISBN 978-3-319-64700-5. doi:10.1007/978-3-319-64701-2_53.
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Basic information
Original name Coincer: Decentralised Trustless Platform for Exchanging Decentralised Cryptocurrencies
Authors ZIMA, Michal (203 Czech Republic, guarantor, belonging to the institution).
Edition Cham, Network and System Security: 11th International Conference, NSS 2017, Helsinki, Finland, August 21--23, 2017, Proceedings, p. 672-682, 11 pp. 2017.
Publisher Springer International Publishing
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 10201 Computer sciences, information science, bioinformatics
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
Impact factor Impact factor: 0.402 in 2005
RIV identification code RIV/00216224:14330/17:00097859
Organization unit Faculty of Informatics
ISBN 978-3-319-64700-5
ISSN 0302-9743
Doi http://dx.doi.org/10.1007/978-3-319-64701-2_53
UT WoS 000444073000053
Keywords in English Bitcoin; Litecoin; cryptocurrencies; decentralised cryptocurrency exchange
Tags International impact, Reviewed
Changed by Changed by: RNDr. Pavel Šmerk, Ph.D., učo 3880. Changed: 13/5/2020 19:26.
Abstract
We address the problem of a trustless decentralised exchange of cryptocurrencies. Centralised exchanges are neither trustworthy nor secure. As of 2017, there has been more than 25 million US dollars' worth of cryptocurrencies stolen from (or by) centralised exchanges. With Coincer we allow any two users to exchange their diverse cryptocurrencies directly between them, yet with no need to trust each other. Former approaches either do not do without a server or rely on a trusted issuer of exchangeable tokens. Our approach is to fully eliminate any elements susceptible to becoming a single point of failure. Coincer therefore leverages an efficient anonymous P2P overlay and an atomic protocol for exchanging money across different cryptocurrencies. It is implemented as free software and has been successfully tested with Bitcoin and Litecoin.
Links
MUNI/A/0897/2016, internal MU codeName: Rozsáhlé výpočetní systémy: modely, aplikace a verifikace VI.
Investor: Masaryk University, Grant Agency of Masaryk University, Category A
PrintDisplayed: 25/5/2020 17:32