different models and notations, complicating potential comparisons. In this work, we use the
Transaction Directed Acyclic Graph (TDAG) and extend it to capture blockchain privacy
notions (PDAG). We give consistent definitions for untraceability and unlinkability. Moreover,
we specify conditions on a blockchain system to achieve each aforementioned privacy
notion. Thus, we can compare the two most prominent privacy-preserving blockchains …