Open this publication in new window or tab >>2021 (English)In: Proceedings of the 7th International Workshop on Socio-Technical Perspective in IS Development (STPIS 2021): Virtual conference in Trento, Italy, October 11-12, 2021 / [ed] Peter Bednar; Alexander Nolte; Mikko Rajanen; Anna Sigridur Islind; Fatema Zaghloul; Helena Vallo Hult; Aurelio Ravarini; Alessio Maria Braccini, 2021, p. 11-21, article id paper 2Conference paper, Published paper (Refereed)
Abstract [en]
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.
Series
CEUR workshop proceedings, ISSN 1613-0073 ; 3016
Keywords
Bitcoin, Cryptocurrency, Private key, Wallet, Backup
National Category
Computer Sciences
Research subject
INF303 Information Security; Information Systems
Identifiers
urn:nbn:se:hj:diva-62724 (URN)2-s2.0-85120990316 (Scopus ID)
Conference
7th International Workshop on Socio-Technical Perspective in IS Development (STPIS 2021)
Note
CC BY 4.0
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2023-10-242023-10-242023-10-24Bibliographically approved