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How do Bitcoin User...
How do Bitcoin Users Manage Their Private Keys?
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- Lindqvist, Gunnar (author)
- Högskolan i Skövde,Institutionen för informationsteknologi
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- Kävrestad, Joakim, 1989- (author)
- Högskolan i Skövde,Institutionen för informationsteknologi,Forskningsmiljön Informationsteknologi,nformationssystem (IS), Information Systems
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- Modig, Dennis (author)
- Högskolan i Skövde,Institutionen för informationsteknologi
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- Padyab, Ali Mohammad (author)
- Högskolan i Skövde,Institutionen för informationsteknologi,Forskningsmiljön Informationsteknologi,Informationssystem (IS), Information Systems
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(creator_code:org_t)
- 2021
- 2021
- English.
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In: Proceedings of the 7th International Workshop on Socio-Technical Perspective in IS Development (STPIS 2021). ; , s. 11-21
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Abstract
Subject headings
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- Bitcoin has emerged as the most recognisable cryptocurrency due to its usages as a speculative asset,medium of exchange and store of value. The fundamental characteristics of trustless and secure soundmoney have made it appealing to people. As a result of the immutability of Bitcoin, monetary lossescaused by user security mistakes such as lose possession of private keys may hinder Bitcoin usage. Wesurveyed 339 Bitcoin users to explore the interaction between individuals and the technology of Bitcoinof how they safeguard their Bitcoin private keys. The results showed that users employed technologiesto enhance the protection of their Bitcoin private keys, such as encryption and multi-signature. However,a proportion of users employed less secure approaches. The study results suggest that users preferencrypting their private keys rather than multi-signature due to convenience and ease of use. Hardwarewallets were moreover the most used wallet by the participants.
Subject headings
- NATURVETENSKAP -- Data- och informationsvetenskap -- Datavetenskap (hsv//swe)
- NATURAL SCIENCES -- Computer and Information Sciences -- Computer Sciences (hsv//eng)
Keyword
- Bitcoin
- Cryptocurrency
- Private key
- Wallet
- Backup
- INF303 Informationssäkerhet
- INF303 Information Security
- Information Systems
- Informationssystem (IS)
Publication and Content Type
- ref (subject category)
- kon (subject category)
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