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Cited by 1,925

The DOI matches its Crossref record; 33 of the 33 references it cites were found in a registry or an index.

Zerocash: Decentralized Anonymous Payments from Bitcoin

Open access
Ben Sasson, Eli, Chiesa, Alessandro, Garman, Christina, Green, Matthew, Miers, Ian, Tromer, Eran, Virza, Madars·2014·2014 IEEE Symposium on Security and Privacy

Abstract

Bit coin is the first digital currency to see widespread adoption. While payments are conducted between pseudonyms, Bit coin cannot offer strong privacy guarantees: payment transactions are recorded in a public decentralized ledger, from which much information can be deduced. Zero coin (Miers et al., IEEE S&P 2013) tackles some of these privacy issues by unlinking transactions from the payment's origin. Yet, it still reveals payments' destinations and amounts, and is limited in functionality. In this paper, we construct a full-fledged ledger-based digital currency with strong privacy guarantees. Our results leverage recent advances in zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs). First, we formulate and construct decentralized anonymous payment schemes (DAP schemes). A DAP scheme enables users to directly pay each other privately: the corresponding transaction hides the payment's origin, destination, and transferred amount. We provide formal definitions and proofs of the construction's security. Second, we build Zero cash, a practical instantiation of our DAP scheme construction. In Zero cash, transactions are less than 1 kB and take under 6 ms to verify - orders of magnitude more efficient than the less-anonymous Zero coin and competitive with plain Bit coin.

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Citations

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Show all 33 references

Research works printed but not linked: 7

  1. ben-sasson, 2013, Universal and Affordable Computational Integrity
  2. lee, 2013, Bitcoin Needs to Scale by A Factor of 1000 to Compete with Visa Here's How to Do It
  3. ben-sasson, 0, Succinct Noninteractive Arguments for A von Neumann Architecture
  4. wuille, 2014, Proposed BIP for Dealing with Malleability
  5. maxwell, 2013, Coin Join Bitcoin Privacy for the Real World
  6. dingledine, 0, Tor: The secondgeneration onion router, Security '04
  7. 2000, SEC 1 Elliptic curve cryptography

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Metadata

Authors
Ben Sasson, E., Chiesa, A., Garman, C., Green, M., Miers, I., Tromer, E., & Virza, M.
Venue
2014 IEEE Symposium on Security and Privacy
Publisher
IEEE
Published
2014-05
Pages
459-474
ISSN
1081-6011 (ISSN-L)
OpenAlex
W2043007983
Cited by
1,925
References
33
FWCI
34.59
Type
conference paper
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Zerocash: Decentralized Anonymous Payments from Bitcoin. https://app.cochat.ai/papers/10.1109/sp.2014.36
The paper
Ben Sasson, E., Chiesa, A., Garman, C., Green, M., Miers, I., Tromer, E., & Virza, M. (2014). Zerocash: Decentralized Anonymous Payments from Bitcoin. 2014 IEEE Symposium on Security and Privacy. https://doi.org/10.1109/sp.2014.36

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