Computer scientists improve privacy of Internet currency Bitcoin
Thursday, January 22, 2015 - 11:00
in Mathematics & Economics
It is traded on special stock exchanges and is accepted not only by various online shops, but also by thousands of brick-and-mortar stores across the globe: the virtual currency Bitcoin. The users benefit from its advantages: Since it does not require a central bank, the transactions can be concluded more quickly and with reduced charges. Moreover, many Bitcoin users appreciate more anonymity while paying. Nevertheless, its popularity is also resulting in thefts with increasing frequency. Computer scientists have now presented an approach that enhances anonymity and can be applied without long waits.