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Möbius: Trustless Tumbling for Transaction Privacy

Möbius: Trustless Tumbling for Transaction Privacy AbstractCryptocurrencies allow users to securely transfer money without relying on a trusted intermediary, and the transparency of their underlying ledgers also enables public verifiability. This openness, however, comes at a cost to privacy, as even though the pseudonyms users go by are not linked to their real-world identities, all movement of money among these pseudonyms is traceable. In this paper, we present Möbius, an Ethereum-based tumbler or mixing service. Möbius achieves strong notions of anonymity, as even malicious senders cannot identify which pseudonyms belong to the recipients to whom they sent money, and is able to resist denial-of-service attacks. It also achieves a much lower off-chain communication complexity than all existing tumblers, with senders and recipients needing to send only two initial messages in order to engage in an arbitrary number of transactions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Proceedings on Privacy Enhancing Technologies de Gruyter

Möbius: Trustless Tumbling for Transaction Privacy

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Publisher
de Gruyter
Copyright
© 2018 Sarah Meiklejohn et al., published by De Gruyter Open
ISSN
2299-0984
eISSN
2299-0984
DOI
10.1515/popets-2018-0015
Publisher site
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Abstract

AbstractCryptocurrencies allow users to securely transfer money without relying on a trusted intermediary, and the transparency of their underlying ledgers also enables public verifiability. This openness, however, comes at a cost to privacy, as even though the pseudonyms users go by are not linked to their real-world identities, all movement of money among these pseudonyms is traceable. In this paper, we present Möbius, an Ethereum-based tumbler or mixing service. Möbius achieves strong notions of anonymity, as even malicious senders cannot identify which pseudonyms belong to the recipients to whom they sent money, and is able to resist denial-of-service attacks. It also achieves a much lower off-chain communication complexity than all existing tumblers, with senders and recipients needing to send only two initial messages in order to engage in an arbitrary number of transactions.

Journal

Proceedings on Privacy Enhancing Technologies – de Gruyter

Published: Apr 1, 2018

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