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design and implementation of provable security for crypto-currenc...

DESIGN AND IMPLEMENTATION OF PROVABLE SECURITY FOR CRYPTO-CURRENCIES



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DESIGN AND IMPLEMENTATION OF PROVABLE SECURITY FOR CRYPTO-CURRENCIES



In this project, the discussed issue is designing and implementing Crypto-currencies security System using Simulink.

 

Two main techniques were used in this project which is scrambling and AES-128 encryption algorithm.

 

Finally the two techniques were compared in terms of degree of confidentiality and quality of output currency. It

 

was found that scrambling algorithm produces a better quality audio signal compared to AES encryption which

 

gave a very low quality audio due to unresolved accumulated delays. Furthermore AES encryption gives better

 

security solutions compared to scrambling techniques. In AES it almost infeasible to decrypt the currency without

 

having the proper key and brute force attacks are very difficult with AES. Brute force attacks of AES may be

 

feasible in the coming years through the quantum computers. Chapter 1 Introduction

 

 

1.1 Background of the Project

 

 

The concern about money   security started from the very beginning (creation of universe), this concern

 

started when people first started having money   and willing to share among themselves. The

 

monetary  channel in which this shared money   is going through is subject to leakage and as a result

 

insecurity, so people started thinking of a ways to share their money   without worrying about their data to

 

be compromised by an unauthorized party. First they invented a very basic ways to protect the privacy of their

 

money   such as Caesars cipher, these basic ciphers later on evolved into a very cumbersome and complex

 

ways to protect the confidentiality of the money   such as,       DES,3DES,AES, RSA and many other

 

algorithms. According to Brandau(2008),although most of monetary  systems employ some sort of

 

security mechanism but always there is a security leakage in most of those systems, therefore currency encryption

 

is used in order to ensure that the currency transmitted from one end to another in Real-Time communication

 

systems such as, GSM, VOIP, Telephone and Analog Radio arrives safely without being compromised.

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All Project Materials Inc. (2020). DESIGN AND IMPLEMENTATION OF PROVABLE SECURITY FOR CRYPTO-CURRENCIES. Available at: https://researchcub.info/department/paper-8461.html. [Accessed: ].

DESIGN AND IMPLEMENTATION OF PROVABLE SECURITY FOR CRYPTO-CURRENCIES


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Chapter 1 Introduction 1.1 Background of the Project The concern about money security started from the very beginning (creation of universe), this concern started when people first started having money and willing to share among themselves. The monetary channel in which this shared money is going through is subject to leakage and as a result insecurity, so people started thinking of a ways to share their money without worrying about their data to be compromised by an unauthorized party. First they invented a very basic ways to protect the privacy of their money such as Caesar’s cipher, these basic ciphers later on evolved into a very cumbersome and complex ways to protect the confidentiality of the money such as, DES,3DES,AES, RSA and many other algorithms. According to Brandau(2008),although most of monetary systems employ some sort of security mechanism but always there is a security leakage in most of those systems, therefore currency encryption is used in order to ensure that the currency transmitted from one end to another in Real-Time communication systems such as, GSM, VOIP, Telephone and Analog Radio arrives safely without being compromised. .. Click here for more

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