Tomen: Application of Bitcoin Transaction Based on Tor

TL;DR

This paper introduces Tomen, an encryption application combining Bitcoin transaction communication with Tor's encryption principles to enhance user anonymity amidst increasing blockchain analysis threats.

Contribution

It presents a novel application of Tor-based encryption to improve Bitcoin transaction anonymity, addressing current privacy challenges.

Findings

Proposes Tomen for Bitcoin transaction anonymization

Combines Tor encryption with Bitcoin communication

Enhances privacy against blockchain analysis algorithms

Abstract

Bitcoin has emerged in 2008, and after decades of development, it has become the largest trading currency by far. The core of the blockchain is to ensure the anonymity of user transactions. As more and more analysis algorithms for blockchain transactions appear, the anonymity of the blockchain is increasingly threatened. We propose Tomen, an encryption application for the communication process in the bitcoin transaction process, combined with the encryption principle method of Tor. The goal is to achieve the application of the anonymization of bitcoin transaction communication.