Bitcoin Message: Data Insertion on a Proof-of-Work Cryptocurrency System

Matthew D. Sleiman, University of Louisville
Adrian P. Lauf, University of Louisville
Roman Yampolskiy, University of Louisville

Abstract

The Bit coin currency is steadily growing in popularity as an alternative to physical currencies. This paper presents an approach for utilizing the Bit coin system for creating permanent messages that are located on computers worldwide. By manipulating the amount field of Bit coin transactions, messages can be embedded into the Bit coin block chain. This approach was implemented by extending the Bit coin-Qt v0.7.2 application and the source code is freely available.