STEALTH TRANSACTIONS IN THE DARK WEB
Journal Title: FBIM Transactions - Year 2019, Vol 0, Issue 2
Abstract
The authors of this article deem possibilities of doing money transactions covered by the network of the dark web. As key components of such activity, the authors highlight phenomenological tripod made of terms related to cryptocurrency, blockchain technology and virtual wallet (known as web wallet). Thereby, the authors are about to present in this article, as chaptered, terms and kinds of virtual money, web wallets and the way of running, both, blockchain exchanging of data and of cryptocurrencies units. The special overview is to be done considering questions of anonymity and hiding traces of money transactions in the Darknet. The authors tend to explain the reasons why subjects of cryptocurrency transactions insist to remain stealth and anonymized having their activities untraceable to other subjects presented in the dark web, no matter if it is up to hackers or law enforcement. Also, the authors consider it as important to make a broader view of the phenomenon of having a need for an anonymized way of doing transactions, which is not always to be solely connected to criminal intent. There are issues of virtual wallets anonymity and blockchain modus vulnerability relate to cyber-attacks and misuse of stealth money transactions, both, for illegal purposes and for cryptocurrencies money laundering, to be mattered in this article. The authors strive to express the most recent data on the above-mentioned challenges, to make researched phenomena to be perceived as an actual one. The intention of the authors is to base their conclusions on the full-scale volume of essential terms whose importance represents a framework for this article.
Authors and Affiliations
Sergej Uljanov, Djordje Milosevic
Keywords
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- EP ID EP655985
- DOI 10.12709/fbim.07.07.02.14
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