Mentor/s
Rachel Gonzalez
Participation Type
Paper Talk
Abstract
Over the last few years, cryptocurrency has gained mainstream attention because of its decentralized nature and elements of privacy. However, Cryptocurrency may not be as private as users seem and still has usability and privacy concerns. The purpose of this paper is to compare the usability and privacy characteristics of popular cryptocurrencies, like Bitcoin, Ethereum, and Litecoin. The elements that illustrate the usability and privacy of these cryptocurrencies include ease of use, transaction speed, transaction cost, and privacy features. While Bitcoin offers some levels of privacy, its transaction speed and cost are relatively high. Litecoin, on the other hand, offers quicker and lower transactions but lacks advanced privacy features. Ethereum tries to meet in the middle between these two by offering reasonable transaction speed and cost, along with advanced privacy features. Overall, I believe that cryptocurrency can be a secure technology to use but it depends on the knowledge and measures taken by users to protect their privacy.
Keywords: Cryptocurrencies, Bitcoin, Ethereum, Litecoin, Usability, Privacy.
College and Major available
Cybersecurity
Location
Session 5: Digital Commons & Martire Room 217
Start Day/Time
4-25-2024 12:30 PM
End Day/Time
4-25-2024 1:45 PM
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License
Prize Categories
Best Multidisciplinary Research or Collaboration, Most Scholarly Impact or Potential, Best Writing
The Usability and Privacy of Cryptocurrency
Session 5: Digital Commons & Martire Room 217
Over the last few years, cryptocurrency has gained mainstream attention because of its decentralized nature and elements of privacy. However, Cryptocurrency may not be as private as users seem and still has usability and privacy concerns. The purpose of this paper is to compare the usability and privacy characteristics of popular cryptocurrencies, like Bitcoin, Ethereum, and Litecoin. The elements that illustrate the usability and privacy of these cryptocurrencies include ease of use, transaction speed, transaction cost, and privacy features. While Bitcoin offers some levels of privacy, its transaction speed and cost are relatively high. Litecoin, on the other hand, offers quicker and lower transactions but lacks advanced privacy features. Ethereum tries to meet in the middle between these two by offering reasonable transaction speed and cost, along with advanced privacy features. Overall, I believe that cryptocurrency can be a secure technology to use but it depends on the knowledge and measures taken by users to protect their privacy.
Keywords: Cryptocurrencies, Bitcoin, Ethereum, Litecoin, Usability, Privacy.
Students' Information
Daniel Godley