Risk Analysis of Bitcoin Security Using Ebios Method

Abstract

Bitcoin is a virtual currency and a payment system based on cutting-edge innovations in cryptography and distributed systems. It has gained a wide range of popularity since its inception in 2009 and became the most successful crypto-currency in the financial market. It was devised by Satoshi NAKOMOTO and has been developed by many other experts before reaching maturity. Bitcoin security has been looked at by different experts in the past with different levels of analysis and it is still a hot research topic since new improvements are continuously being adopted by the community. Our study provides a high-overview of risks related to Bitcoin as a currency and as a payment system using EBIOS method.