Coincer: Decentralised Trustless Platform for Exchanging Decentralised Cryptocurrencies

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14330%2F17%3A00097859" target="_blank" >RIV/00216224:14330/17:00097859 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.1007/978-3-319-64701-2_53" target="_blank" >http://dx.doi.org/10.1007/978-3-319-64701-2_53</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/978-3-319-64701-2_53" target="_blank" >10.1007/978-3-319-64701-2_53</a>

Result language

angličtina

Original language name

Coincer: Decentralised Trustless Platform for Exchanging Decentralised Cryptocurrencies

Original language description

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.

Czech name

—

Czech description

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Type

D - Article in proceedings

CEP classification

—

OECD FORD branch

10201 - Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8)

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Network and System Security: 11th International Conference, NSS 2017, Helsinki, Finland, August 21--23, 2017, Proceedings

ISBN

9783319647005

ISSN

0302-9743

e-ISSN

—

Number of pages

11

Pages from-to

672-682

Publisher name

Springer International Publishing

Place of publication

Cham

Event location

Helsinki, Finland

Event date

Aug 21, 2017

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000444073000053