Date of Award
12-2018
Culminating Project Type
Starred Paper
Degree Name
Information Assurance: M.S.
Department
Information Assurance and Information Systems
College
Herberger School of Business
First Advisor
Dennis C. Guster
Second Advisor
Lynn A. Collen
Third Advisor
Balasubramanian Kasi
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Abstract
In the recent years, cryptocurrencies gained lots of popularity. Many new cryptocurrencies are introduced day by day. Though new cryptocurrencies are being introduced, they are based on the same Blockchain technology. Cryptocurrencies are virtual currencies and differ from traditional money in a way which made them very popular among the users. Bitcoin which was the first cryptocurrency introduced by Satoshi Nakamoto in late 2008 as a Peer-to-Peer Electronic cash system. The most important feature of this system was that it was de-centralized meaning that there is no centralized authority controlling the payment network. Instead, every single entity of the network realizes all the tasks of the centralized server. Cryptocurrencies rely on miners who verify the transactions and add the block to the blockchain. Miners depend on high computation power to solve a mathematical problem following a mining algorithm which also rewards them with some cryptocurrency.
This paper provides a comprehensive overview of the technology behind cryptocurrencies and explores the security and privacy issues that are involved with cryptocurrencies and introduces a mechanism to create fake cryptocurrency units.
Recommended Citation
Pabba, Sai Venkatesh, "Creating A Fake Cryptocurrency Unit" (2018). Culminating Projects in Information Assurance. 72.
https://repository.stcloudstate.edu/msia_etds/72
