Don't lose your coin! Investigating Security Practices of Cryptocurrency Users

Froehlich, Michael; Gutjahr, Felix; Alt, Florian

doi:10.1145/3357236.3395535

Cited by 26 publications

(49 citation statements)

References 33 publications

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“…Some studies have validated the positive relationship between the perceived ease of use and the behavioral intention in different research contexts (L. Chen & Aklikokou, 2020;Wang et al, 2020). Scholars argued that there is a need to lower the technological entry barrier to engage with the cryptocurrencies (Fröhlich et al, 2020). According to Miau and Yang (2018), Bitcoin networks include a variety of computing devices (i.e., laptops, smart phones, mainframes) that can be easily accessible and used.…”

Section: Perceived Ease Of Use and Intention To Use Bitcoinmentioning

confidence: 99%

Investigating the Adoption Factors of Cryptocurrencies—A Case of Bitcoin: Empirical Evidence From China

et al. 2021

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The share of electronic transactions in the global payments continues to increase all around the globe. In the recent years, cryptocurrencies (also known as a system of electronic transaction) have caught significant attention from governments, policymakers, and practitioners worldwide. Cryptocurrencies as an innovative method of exchanges without any physical form boast several potential benefits such as speedy transactions, cross-border usage, low transaction fee, transparency, high security, anonymity, and privacy, and thus are expected to bring huge revolution in the future economic system. This study aims to investigate the adoption factors of Bitcoin, a most known cryptocurrency in China. Based on Technology Acceptance Model, a research framework has been developed to test the proposed hypotheses. The data have been collected via a survey questionnaire from 385 Chinese respondents. The findings show that the perceived ease of use and the perceived usefulness have a positive relationship with the intention to use Bitcoin. The perceived usefulness mediates the relationship between the perceived ease of use and the intention to use Bitcoin. Furthermore, the results reveal that the transaction processing and the perceived ease of use have significant impacts on the perceived usefulness. However, the security and control shows an insignificant effect on the perceived usefulness. This study contributes to the growing literature of Bitcoin and offers valuable information to individual users (payees), fund managers (investors), and companies/businesses (receiving Bitcoin as a payment method). Research implications and limitations are also discussed.

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Section: Perceived Ease Of Use and Intention To Use Bitcoinmentioning

confidence: 99%

Investigating the Adoption Factors of Cryptocurrencies—A Case of Bitcoin: Empirical Evidence From China

et al. 2021

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“…• Interviews include interview studies as primary source of data collection (e.g. [50,51,70,115]) as well as interviews complementing evaluations of systems (e.g. [38,79,123]).…”

Section: Used Methodsmentioning

confidence: 99%

“…However, we noticed that a lack of trust in established institutions is a common theme mentioned by cryptocurrency users when asked why they are drawn to the space (e.g. [50,71,76,79,115]). Also dubbed "the paradox of unregulation", there are qualitative accounts arguing both for and against regulation of cryptocurrenies as a means to foster trust in cryptocurrencies [51,70,115,132].…”

Section: Trust In a Trustless Systemmentioning

confidence: 99%

“…[2,79]), interview studies (e.g. [50,51,115]), and content analysis of forums and other data sources (e.g. [41,76]).…”

Section: Behavior and Perceptionmentioning

confidence: 99%

“…on Bitcoin. Users typically own more than one cryptocurrency [2,79] and use diferent types of wallets in parallel [50] -a recent analysis of Abramova et al shows that 80% have more than one type of wallet to manage their cryptocurrency [2]. Krombholz et al provide additional insight into backup behavior [79].…”

Section: Behavior and Perceptionmentioning

confidence: 99%

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Blockchain and Cryptocurrency in Human Computer Interaction: A Systematic Literature Review and Research Agenda

Froehlich

Franz

Trotter

et al. 2022

Designing Interactive Systems Conference

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We present a systematic literature review of cryptocurrency and blockchain research in Human-Computer Interaction (HCI) published between 2014 and 2021. We aim to provide an overview of the feld, consolidate existing knowledge, and chart paths for future research. Our analysis of 99 articles identifes six major themes: (1) the role of trust, (2) understanding motivation, risk, and perception of cryptocurrencies, (3) cryptocurrency wallets, (4) engaging users with blockchain, (5) using blockchain for application-specifc use cases, and (6) support tools for blockchain. We discuss the focus of the existing research body and juxtapose it to the changing landscape of emerging blockchain technologies to highlight future research avenues for HCI and interaction design. With this review, we identify key aspects where interaction design is critical for the adoption of blockchain systems. Doing so, we provide a starting point for new scholars and designers and help them position future contributions. CCS CONCEPTS• Applied computing → Digital cash; • Human-centered computing → Human computer interaction (HCI); Interaction design.

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A taxonomy of endpoint vulnerabilities and affected blockchain architecture layers

Noor,

Mustafa

2024

Concurrency and Computation

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Blockchain technology has gained significant attention and adoption due to its decentralized nature, and promising secure and immutable transactions. The interpretation of Blockchain's components has been presented in an innovative manner, illustrating the features they enable or manage. However, its networks do not appear so immune to vulnerabilities like any other technological system. Among the typical weaknesses, endpoint vulnerabilities refer to weaknesses in the endpoints that interact with the blockchain network. They pose a significant risk to the security and integrity of the entire system. These vulnerabilities can affect blockchain networks including smart contract vulnerabilities, wallet vulnerabilities, and communication vulnerabilities. In view of the absence of any viable taxonomic description and associated value, we attempted a novel comprehensive classification of endpoint vulnerabilities. The proposed taxonomy is designed to logically categorize and classify the various endpoint vulnerabilities through a pictorial representation. It encompasses wallet vulnerabilities, malware, cryptojacking and human negligence. Additionally, this paper proposes a novel approach to mapping endpoint vulnerabilities to the blockchain abstract layer. It gives a unique way to study the vulnerabilities and layers' relation. Finally, the corresponding violated principles behind the vulnerabilities have been identified and indicated. By providing a structured taxonomy of endpoint vulnerabilities, this paper aims to enhance the understanding of the security challenges associated with blockchain applications. By understanding and addressing the taxonomy of endpoint vulnerabilities, blockchain practitioners and researchers can enhance blockchain networks' overall security and trustworthiness, paving the way for broader adoption and utilization of this transformative technology. It may have implications in terms of identifying, linking, developing control, and finally mitigating endpoint vulnerabilities in the rapidly changing environment.

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Don't lose your coin! Investigating Security Practices of Cryptocurrency Users

Cited by 26 publications

References 33 publications

Investigating the Adoption Factors of Cryptocurrencies—A Case of Bitcoin: Empirical Evidence From China

Investigating the Adoption Factors of Cryptocurrencies—A Case of Bitcoin: Empirical Evidence From China

Blockchain and Cryptocurrency in Human Computer Interaction: A Systematic Literature Review and Research Agenda

A taxonomy of endpoint vulnerabilities and affected blockchain architecture layers

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