Empirical Analysis of Bitcoin network (2016-2020)

Ajay Kumar, Abhishek Kumar, Pranav Nerurkar, Muhammad Rukunuddin Ghalib, Achyut Shankar, Zheng Wen, Xin Qi

研究成果: Conference contribution

抄録

Bitcoin system (or Bitcoin) is a peer-to-peer and decentralized payment system that uses cryptocurrency named bitcoins (BTCs) and was released as open-source software in 2009. Bitcoin platform has attracted both social and anti-social elements. On the one hand, it is social as it ensures the exchange of value, maintaining trust in a cooperative, community-driven manner without the need for a trusted third party. At the same time, it is anti-social as it creates hurdles for law enforcement to trace suspicious transactions due to anonymity and privacy. To understand how the social and anti-social tendencies in the user base of Bitcoin affect its evolution, there is a need to analyze the Bitcoin system as a network. The current paper aims to explore the local topology and geometry of the Bitcoin network during its first decade of existence. Bitcoin transaction data from 01 Jan 2016 00:00:00 GMT to 08 May 2020 13:21:33 GMT was processed for this purpose to build a Bitcoin user graph.

本文言語English
ホスト出版物のタイトル2020 IEEE/CIC International Conference on Communications in China, ICCC Workshops 2020
出版社Institute of Electrical and Electronics Engineers Inc.
ページ96-101
ページ数6
ISBN(電子版)9781728187556
DOI
出版ステータスPublished - 2020 8
イベント2020 IEEE/CIC International Conference on Communications in China, ICCC Workshops 2020 - Chongqing, China
継続期間: 2020 8 92020 8 11

出版物シリーズ

名前2020 IEEE/CIC International Conference on Communications in China, ICCC Workshops 2020

Conference

Conference2020 IEEE/CIC International Conference on Communications in China, ICCC Workshops 2020
CountryChina
CityChongqing
Period20/8/920/8/11

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Signal Processing
  • Health Informatics
  • Instrumentation

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