Bitcoin is a digital currency which is based on P2P network and open source software. It is avirtual currency without any control by any centralized organization. New Bitcoins are issuedby lots of specified algorithms. The whole Bitcoin network utilizes the distributed database toverify and record all the transactions through the nodes in the P2P network in which thedouble spending is prevented. No person or organization is able to control Bitcoin based on adecentralized P2P network and algorithm. The cryptographic functions of Bitcoin are designedto allow only the real Bitcoin owner to pay and transfer, and ensure the anonymity andmarketability.The purpose of this thesis is to analyze the security architecture and services for the Bitcoin system and describe of all the features and infrastructures of the whole Bitcoin network. A whole establishment demo including wallet client, mining server with GUI and mining client is implemented. Further improvement will be suggested and recommended for the system
Gebara M.F., L. Muccillo, May P., Claudia Suzanne Marie Nathalie Vitel · 6 authors
Key lessons<br><ul><li>While the constitutional rights (e.g. property rights) of indigenous peoples (IP) are strong in Brazil and may help to overcome their vulnerability, they are rarely enforceable and do not offer sufficient safeguards.</li><li>Informed consultation and a structured free, prior and informed consent (FPIC) process that considers cultural issues are fundamental to ensuring acceptance and consent by IP.</li><li>Local environmental funds can be a tool for increasing autonomy and decentralization while sharing benefits with IP and financing long-term and specific demands that can change over time.</li><li>Safeguard strategies implemented by the Amazon Fund to avoid conflicts of interest may result in restrictions on the participation of IP, having implications related to the legitimacy of decision-making in the distribution of benefits.</li><li>The absence of timely financial flows to meet IP needs may be a considerable risk since it can encourage environmentally damaging activities.</li><li>Relying on the voluntary market may be risky for IP initiatives because of market instability and possible lack of funding.</li></ul>
Open access
Conservation, Biodiversity, and Resource Management
Bitcoin is the world's first decentralized digital currency. According to Lawrence Lessig, cryptography is "the most important technological breakthrough in the last one thousand years" and will be transformative. Bitcoin, capitalizing on cryptography, is a revolutionary digital currency protocol--a software system capable of tracking financial transactions without the need for a third party intermediary. The Bitcoin software is a "community-driven open source project released under an MIT license.â This paper begins by briefly reviewing the mechanics of Bitcoin in Section I. Section II then surveys the rapidly expanding uses of Bitcoin, as well as the emerging application of Bitcoin. Since all new technologies face risk and downside, Section III will address a few of the risks and the highly publicized dark side of Bitcoin. Finally, Section IV will break down how the various governments have initially assessed this new technology and discuss policy implications going forward, as well as touch on the parameters for a twenty-first century regulatory framework by addressing emerging legal and policy issues. As the implementation of Bitcoin and other digital currencies continues, public policy makers should be encouraged to step back and assess the impact of the nascent technology prior to implementing regulatory schemes based upon pre-existing laws based upon outdated assumptions. The multiple applications of the emerging technology suggests policymakers take an innovative approach and adopt public policies and legal frameworks that accommodate the entire scope of its application. The new public policy formulates a regulatory scheme based upon a holistic understanding of the full range of characteristics of Bitcoin and digital currencies. Policymakers, starting with U.S. Congress and state legislatures, should develop public policies that recognize Bitcoin and digital currencies as possessing all of the following characteristics: currencies, payment systems, commodities, properties, investments, systems of commerce, and even systems of contracts. As this dynamic Smartmoney emerges, so emerges the requirement for a new innovative approach to laws and regulations: smart government.
This article is based on a case study that examines climate change adaptation of food supply chain inthree Finnish inland provinces Central Finland, Pirkanmaa and South Savo. The focus of the study was onfood processing enterprises and their adaptation strategies. For the study, 14 thematic interviews wereconducted and the research data was analysed using qualitative content analysis. The persons interviewedwere food entrepreneurs, managers of food enterprises and representatives of trade organizations andexpert organizations. The main research questions addressed in the article are: what kind of threat doesclimate change pose to food enterprises? What kind of adaptation aspects can be identified in the foodchain with respect to food supply chain management? According to the results, adaptation to climate changecan be characterized as reactive or autonomous strategy based on localization and decentralization offood supply chain as well as on regional food systems. We conclude that value-based strategic partnershipsin the food chain could enhance the regionsâ adaptive capacity and resilience. Further research onregional impacts of climate change on the supply chain is required to provide decision-makers with morecomprehensive guidance.
Nico Döttling, Daniel Kraschewski, Jörn MĂŒllerâQuade, Tobias Nilges
Universally composable secure computation was assumed to require trusted setups, until it was realized that parties exchanging (untrusted) tamper-proof hardware tokens allow an alternative approach (Katz; EUROCRYPT 2007). This discovery initialized a line of research dealing with two different types of tokens. Using only a single stateful token, one can implement general statistically secure two-party computation (Dottling, Kraschewski, Muller-Quade; TCC 2011); though all security is lost if an adversarial token receiver manages to physically reset and rerun the token. Stateless tokens, which are secure by definition against any such resetting-attacks, however, do provably not suffice for statistically secure computation in general (Goyal, Ishai, Mahmoody, Sahai; CRYPTO 2010). We investigate the natural question of what is possible if an adversary can reset a token at most a bounded number of times (e.g., because each resetting attempt imposes a significant risk to trigger a self-destruction mechanism of the token). Somewhat surprisingly, our results come close to the known positive results with respect to non-resettable stateful tokens. In particular, we construct polynomially many instances of statistically secure and universally composable oblivious transfer, using only a constant number of tokens. Our techniques have some abstract similarities to previous solutions, which we grasp by defining a new security property for protocols that use oracle access. Additionally, we apply our techniques to zero-knowledge proofs and obtain a protocol that achieves the same properties as bounded-query zero-knowledge PCPs (Kilian, Petrank, Tardos; STOC 1997), even if a malicious prover may issue stateful PCP oracles.
J-PAKE is a Password-Authenticated Key Exchange protocol, proposed in 2008 and presented again in 2010 and 2011. It does not require any public key infrastructure but uses zero-knowledge proofs. J-PAKE has been submitted as a candidate for the IEEE P1363.2 standard for password-based public key cryptography, and included in OpenSSL and OpenSSH. Since December 2010, J-PAKE has been used in Mozilla Firefox web browser. In this paper, we show that J-PAKE is vulnerable to password compromise impersonation attack, replay attack, and unknown key-share attack. We also propose some improvements for thwarting replay and unknown key-share attacks.
Key messages<br><ul><li>In different provinces or districts, the same laws can be applied in very different ways.</li><li>Participation of customary land users and local communities remains ad hoc and requires that implementing regulations are strengthened, as the existing safeguarding laws are not sufficiently specific.</li><li>Further developments of safeguarding laws and regulations (specifically the distribution of benefits from carbon financing) need to be well defined and better aligned with decentralization processes.</li><li>Subnational actors are unclear on their role in a national REDD+ strategy and how they will be involved in decision making.</li><li>REDD+ is challenged by a misalignment between land use decision-making powers and REDD+ management powers allocated to different bodies and levels.
Open access
Indonesian Legal and Regulatory Studies
Conservation, Biodiversity, and Resource Management
This paper explores legal and economic issues related to a fascinating new technology called the blockchain protocol. The most popular and important blockchain commodity is currently bitcoin (Part I). Bitcoin is intuitively understood as a âvirtual currency.â However, it is possible that bitcoin fails to meet an economistâs definition of money (Part II). In Part III, I survey the academic literature and conduct an empirical study of my own that compares bitcoin prices and other assets from July 12, 2013 until December 16, 2014. Ultimately, I conclude that bitcoin is not money and does not behave like money. Later, I analyze two potential legal questions connected to the question of whether bitcoin is money: how will bitcoin derivatives be regulated? (Part IV), and whether transferred bitcoins are free of security interests under Article 9 of the Uniform Commercial Code (Part V).
In a world where computers are involved in most aspects of our lives, it becomes more and more important to digitally identify entities. To achieve this goal, many existing systems use unique identifiers. This is a simple solution, but also makes it easy to trace the userâs actions. A privacy-friendly alternative is to use attributebased credentials as a basis for authentication and authorisation. Such credentials serve as a cryptographic container for attributes, that is, properties of the user, which are certified by an authority. With these attributes the user can be authenticated to access a resource or receive a service solely on the properties that are relevant for that specific resource or service. In this thesis we discuss three attribute-based credential technologies for which we have developed efficient smart card implementations. These technologies are: Self-blindable Credentials These credentials are based on elliptic curve cryptography with bilinear pairings. This technology shifts the computational burden to the terminal which makes a very compact smart card implementation possible. Unfortunately the support for elliptic curve cryptography on smart cards is limited to standard algorithms, which made it hard to develop other variants of this technology. This results in a minimal feature set compared to the other technologies. U-Prove The U-Prove issuance and verification protocols are, respectively, based on Schnorrâs blind signature scheme and zero-knowledge proofs. This technology offers the fastest implementation for attribute verification. With respect to privacy there is only one important drawback: U-Prove does not protect against linking multiple verification sessions to each other. This means that these credentials basically act as a pseudonym for the user. Identity Mixer This technology is based on the Camenisch-Lysyanskaya signature scheme which provides a blind signature protocol, which can be used for credential issuance, and zero-knowledge proofs for attribute verification. The performance of this implementation is not the best among these technologies, but this technology provides a broad feature set and offers proper unlinkability. This makes it possible to use a credential multiple times without becoming traceable. The goal of the research presented in this thesis has been to develop efficient smart card implementations of attribute-based credentials and compare various cryptographic systems for attribute-based credentials. This has resulted in a detailed
Ivan DamgÄrd, Bernardo David, Irene Giacomelli, Jesper Buus Nielsen
We present a new compact verifiable secret sharing scheme, based on this we present the first construction of a homomorphic UC commitment scheme that requires only cheap symmetric cryptography, except for a small number of seed OTs. To commit to a k -bit string, the amortized communication cost is O ( k ) bits. Assuming a sufficiently efficient pseudorandom generator, the computational complexity is O ( k ) for the verifier and O ( k 1 + Δ ) for the committer (where Δ < 1 is a constant). In an alternative variant of the construction, all complexities are O ( k · polylog ( k )). Our commitment scheme extends to vectors over any finite field and is additively homomorphic. By sending one extra message, the prover can allow the verifier to also check multiplicative relations on committed strings, as well as verifying that committed vectors a , b satisfy a = Ï ( b ) for a linear function Ï . These properties allow us to non-interactively implement any one-sided functionality where only one party has input (this includes UC secure zero-knowledge proofs of knowledge). We also present a perfectly secure implementation of any multiparty functionality, based directly on our VSS. The communication required is proportional to a circuit implementing the functionality, up to a logarithmic factor. For a large natural class of circuits the overhead is even constant. We also improve earlier results by Ranellucci et al. on the amount of correlated randomness required for string commitments with individual opening of bits. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Indonesia underwent enormous political and institutional changes in the wake of the 1997–98 economic crisis and the collapse of Soeharto's authoritarian regime. Yet something curious happened under President Yudhoyono: a politics of economic growth has returned in post-crisis decentralized, democratic Indonesia. The politics of economic growth is politics that transforms political issues of redistribution into problems of output and attempts to neutralize social conflict in favor of a consensus on growth. Under Soeharto, this politics provided ideological legitimation to his authoritarian regime. The new politics of economic growth in post-Soeharto Indonesia works differently. Decentralized democracy created a new set of conditions for doing politics: social divisions along ethnic and religious lines are no longer suppressed but are contained locally. A new institutional framework was also created for the economic policy-making. The 1999 Central Bank Law guarantees the independence of the Bank Indonesia (BI) from the government. The Law on State Finance requires the government to keep the annual budget deficit below 3% of the GDP while also expanding the powers of the Ministry of Finance (MOF) at the expense of National Development Planning Agency. No longer insulated in a state of political demobilization as under Soeharto, Indonesian technocracy depends for its performance on who runs these institutions and the complex political processes that inform their decisions and operations.
Cryptocurrency â including a particular initial denomination known as Bitcoins â has received since 2009 wide and growing publicity in technology, finance, U.S. and international law enforcement, as well as general public journalism and popular press. This recent popular press coverage of cryptocurrency (how and from where do Bitcoins originate?, how much is one worth today or tomorrow?, will it last with all the stumbling implementation and technical intricacies?, purchasing illegal drugs and guns with Bitcoins!) overshadows cryptocurrencyâs applicability to financial and currency system theories which have been developed and predicted for decades or more: the fundamental theory of currency; currency denationalization; a return to an international standard monetary unit (before nationalized fiat); the inefficiency of costly 3rd-party-trust currency models; and global concerns about currency hegemonies as well as political influence of monetary policy, and currency hedge/speculation. As the moral panic of Bitcoin and similar initial implementations of cryptocurrency fade and cryptocurrency systems gain traction underground or aboveground anywhere in the world, U.S. and international public policymakers and regulators will need to surveil, understand, and evolve public policy to accommodate any aspect of cryptocurrency which develops from technical novelty to realization of predicted grand monetary theories. Some of those areas of evolution include: national central bank monetary control; public sector dependence (oversight, taxing, fees) on private sector financial models and structures; and viability of traditional national and international law enforcement techniques U.S. federal and major subnational public sector policymakers and regulators must remain vigilant for and educated about cryptocurrency usage whether in nationalized or denationalized use cases or they risk missing early opportunities to shape the rapidly changing landscape of digital financial systems in the U.S and abroad. This vigilance and awareness could be in the form of continued congressional hearings and regulatory surveillance. But a more proactive approach including federal grants for research and study of cryptocurrency, promotion of national and international symposia regarding currency technology and implications should be pursued. The nature of cryptocurrencyâs raison d'ĂȘtre and early-adopter motivation foretells a disruptive network-effect adoption despite entrenched interestsâ efforts at preclusion similar to numerous recent technical innovations in the private sector like music or other intellectual property downloads, retail shopping, taxis services, hotel lodging, traditional print journalism, and traditional communication systems.
Bitcoins have the potential to fundamentally change the way value is transferred globally. Their rapid adoption over the past four years has led many to consider the possible results of such a technology. To be a viable currency, however, it is imperative that the market for trading Bitcoins is efficient. By examining the changes in availability of predictable outsized returns and market liquidity over time, this paper examines historical Bitcoin market efficiency and establishes correlations between market liquidity, price predictability, and return data. The results provide insight into the turbulent nature of Bitcoin market efficiency over the past years, but cannot definitively measure the magnitude of the change due to the limitations in efficiency analysis. The most meaningful result of this study, however, is the statistically significant short-horizon price predictability that existed over the duration of the study, which has implications for Bitcoin market efficiency as well as for continued research in short-horizon Bitcoin price forecasting models.
The considerable diffusion of bitcoins over the Internet that took place in the last two years has highlighted some important issue about the use of anonym tools of payment in e-commerce. Even though bitcoins are largely considered to be a digital currency, the legal and economic analysis draws the attention to a concomitant structure of financial commodity with risky features related to derivative instruments making the possibility of a bubble a case to consider. The significant growth in value and the intense volatility characterizing bitcoins are more likely to be the consequence of remarkable investments made by hedge funds and the effect of specific Institutional measures, than the outcome this efficient instrument has achieved on the Internet. The following article is analyzing bitcoins in their twofold nature: the structural considerations we will express are referred to virtual coins in general, whereas the financial evaluation is related to the specific volatility of our analysis target.
Alloreactivity after transplantation is associated with profound immune suppression, and consequent opportunistic infection results in high morbidity and mortality. This immune suppression is most profound during GVHD after bone marrow transplantation where an inflammatory cytokine storm dominates. Contrary to current dogma, which avers that this is a T-cell defect, we demonstrate that the impairment lies within conventional dendritic cells (cDCs). Significantly, exogenous antigens can only be presented by the CD8(-) cDC subset after bone marrow transplantation, and inflammation during GVHD specifically renders the MHC class II presentation pathway in this population incompetent. In contrast, both classic and cross-presentation within MHC class I remain largely intact. Importantly, this defect in antigen processing can be partially reversed by TNF inhibition or the adoptive transfer of donor cDCs generated in the absence of inflammation.
Bitcoin is actually a new kind of money. It is a brand new concept and it is a digital currency that is not issued by a central bank. Bitcoin is not created by a corporation. Instead, anyone who participates in the Bitcoin network - anyone who uses the Bitcoin software on his computer and communicates with a network of other people, who are doing the same thing, all these people together perform the function normally performed by a central bank. In this paper, we will try to bring closer the currency Bitcoin. Researchers are recommended to conduct research about Bitcoin, in order to receive objective advantages and disadvantages of Bitcoin as a currency.
Although academic and practical interest in non-fungible tokens (NFTs) has continuously increased over the last few years, there is still a need to better understand their social acceptability. The aim of the study was to explore the double edge of NFT legitimacy for NFTs by unveiling the role of sustainability and by adopting technology legitimacy and the field of sustainability transition studies as a theoretical lens. Specifically, this research investigates the role of sustainability in securing and maintaining technology legitimacy within NFT projects. We interviewed 12 experts through exploratory qualitative research. The findings highlight three main ways in which sustainability participates in the legitimation of NFT projects. While sustainability can be inherent in the NFT project itself, this legitimation can also be derived from the perceived sustainability of the NFT technology or be part of innovative business models. Theoretical contributions and managerial implications are then discussed. JEL CODES: O33, O35, O50
Abstract. In this work, we first formalize the notion of dynamic group signatures with distributed traceability, where the capability to trace signatures is distributed among nmanagers without requiring any interaction. This ensures that only the participation of all tracing managers permits tracing a signature, which reduces the trust placed in a single tracing manager. The threshold variant follows easily from our definitions and constructions. Our model offers strong security requirements. Our second contribution is a generic construction for the notion which has a concurrent join protocol, meets strong security requirements, and offers efficient traceability, i.e. without requiring tracing managers to produce expensive zero-knowledge proofs for tracing correctness. To dispense with the expensive zero-knowledge proofs required in the tracing, we deploy a distributed tag-based encryption with public verifiability. Finally, we provide some concrete instantiations, which, to the best of our knowledge, are the first efficient provably secure realizations in the standard model simultaneously offering all the aforementioned properties. To realize our constructions efficiently, we construct an efficient distributed (and threshold) tag-based encryption scheme that works in the efficient Type-III asymmetric bilinear groups. Our distributed tag-based encryption scheme yields short ciphertexts (only 1280 bits at 128-bit security), and is secure under an existing variant of the standard decisional linear assumption. Our tag-based encryption scheme is of independent interest and is useful for many applications beyond the scope of this paper. As a special case of our distributed tag-based encryption scheme, we get an efficient tag-based encryption scheme in Type-III asymmetric bilinear groups that is secure in the standard model.
We introduce a novel concept of dual-system simulation-sound non-interactive zero-knowledge (NIZK) proofs. Dual-system NIZK proof system can be seen as a two-tier proof system. As op-posed to the usual notion of zero-knowledge proofs, dual-system defines an intermediate partial-simulation world, where the proof simulator may have access to additional auxiliary information about the potential language member, for example a membership bit, and simulation of proofs is only guaranteed if the membership bit is correct. Further, dual-system NIZK proofs allow a quasi-adaptive setting where the CRS can be generated based on language parameters. This allows for the further possibility that the partial-world CRS simulator may have access to fur-ther trapdoors related to the language parameters. We show that for important hard languages like the Diffie-Hellman language, such dual-system proof systems can be given which allow unbounded partial simulation soundness, and which further allow transition between partial simulation world and single-theorem full simulation world even when proofs are sought on non-members. The construction is surprisingly simple, involving only two additional group elements in asymmetric bilinear pairing groups.