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Bitcoin Dissertation Topics Ideas

Browsing dissertation topics before writing your actual dissertation is always a wise step in the right direction. Essayarsenal.co.uk offers free dissertation topics on numerous subjects that help you gain better understanding while choosing your research topic. We also offer help with your dissertation proposal or complete dissertation assistance from start to finish. The popularity and value of crypto currencies, particularly bitcoin, are both on the rise. More than $112billion worth of Bitcoins have been mined as of this writing. As a result, there are a plethora of aspects of bitcoin that make excellent dissertation subjects. We've come up with 8 unique and exciting dissertation topics that are also manageable, so if you're interested in writing about bitcoin, feel free to choose one of these options.

How can the volatility of cryptocurrencies be reduced?

  • To steal Bitcoin, all you need is a string of alphanumeric characters (encoding the private RSA key) and you have complete access to the account associated with that key. Bitcoin is notoriously difficult to secure. Those strings are very easy to steal, and they have been stolen many times, involving hundreds of millions of pounds at the current exchange rates. Because of this, bitcoin exchanges had to enact new security measures in order to keep their own employees from stealing their customers' bitcoins. Making cryptocurrency theft more difficult will be the focus of this research project.

    • Is Bitcoin the currency of the future for global commerce?

    • Gold mined on Earth has no use on Mars because it would cost more to lift a kilogramme of it from Earth's gravity well, launch it to Mars, and then land it safely. As a result, almost all Earthly goods and services are worthless to a Martian due to the difficulty of transporting them. So now we're left with the intriguing question of how to create interstellar currencies that are at least theoretically supported by material goods, like all currencies. Cryptocurrencies are one option. To facilitate trade across vast interplanetary and interstellar distances, an electronic currency would be required. To find out what's possible, this project will look into it.

      • "51% attacks" on the bitcoin protocol are a thing

      • It is mathematically impossible to avoid the computationally intensive tasks involved in bitcoin mining. However, a technologically advanced individual or organisation may be able to find a vastly more efficient algorithm for solving the same class of problems - for example, by discovering a collision attack on SHA. If a single organisation controls more than half of the hashing power in the bitcoin community, it would be able to veto any blockchain transaction. The purpose of this project is to look into the ramifications.

        • Attacks on the bitcoin protocol resulting in denial of service.

        • Bitcoin is based on the blockchain, a decentralised ledger shared by millions of users and miners. In the blockchain, the evolution is determined by consensus; the current version is agreed upon by 51% of miners. Because of this, there is a risk that two different versions of the blockchain will diverge significantly and actual financial transactions will take place in the real world during prolonged network fragmentation. If the networks were to be reconnected, the community would be forced to close one of its branches, which would be disruptive. The implications will be investigated in this project.

          • Is there a deliberate inflation in the bitcoin market?

          • According to the Bitcoin protocol's macroeconomic parameters (such as the fixed total number of bitcoins, an adaptive level of proof-of-work difficulty, and a steep decline in mining profits), mining bitcoins will become exponentially more difficult as their value rises. When Satoshi Nakamoto designed bitcoin, he must have realised this. Because it's still working (albeit slowly), it's not out of the question that the protocol will continue. The economic modelling will be carried out as part of this project.

            • The bitcoin protocol is vulnerable to factorisation attacks.

            • Some bitcoin account numbers (basically public keys used to verify blockchain messages) may be vulnerable to factorisation, as evidenced by the recent discovery of numerous bugs in RSA key pair generation hardware and software. When that happens, the roadblocks become purely financial. Given the current cost of a computing power unit, is it worthwhile to open a particular wallet? Rather than making it impossible to attack, this project aims to make factorisation attacks on the Bitcoin protocol unprofitable. It will also suggest ways to secure wallets economically rather than mathematically.

              • What happens after ASICs, in terms of bitcoin mining hardware limitations?

              • When bitcoin mining first started, CPUs were used to perform the repeated hash function evaluation. The SHA hashing function's small size allowed it to be ported to GPU architectures with many cores, and ATI graphics cards were among the most powerful. As a result of this, the community began working with FPGAs, and then with application-specific integrated circuits (ASICs) (ASICs). The bitcoin mining equipment currently available is so efficient that it barely makes a sound. Other than shrinking the process and improving electrical efficiency, there isn't much else that can be done. Beyond ASICs will be explored in this project.

                • Attacks on the Bitcoin protocol using hash collisions.

                • As part of the Bitcoin protocol, the proof of work procedure is implemented as a hash grinding process, in which a hash function is started from a random data string and evaluated repeatedly until it matches the predetermined target. This method is based on the hash function's ability to withstand collisions. Recent advances in such attacks have made it plausible for someone with enough ingenuity to devise a practical SHA collision attack. Would this be the end of bitcoin, even if it was never made public? This research will answer that question.