SoK: Unifying Definitions of Privacy and Anonymity in Cryptocurrencies and DLTs

Abstract

As interest in the practical use of cryptocurrencies continues to grow, so does the focus on the (perceived) privacy and anonymity of users within this domain. Despite this attention, there is a notable absence of standardized definitions for these terms. This article aims to address this gap by exploring the various interpretations of privacy, anonymity, and related concepts in the context of cryptocurrencies. Drawing from a thorough review of existing literature, we propose practical definitions for both privacy and anonymity. Utilizing these definitions, we introduce an ontology designed to streamline future research, identify knowledge gaps, and facilitate clearer communication in the field.