Biblio
Filters: Keyword is transaction microstructure [Clear All Filters]
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2016. The Unreasonable Effectiveness of Address Clustering. 2016 Intl IEEE Conferences on Ubiquitous Intelligence Computing, Advanced and Trusted Computing, Scalable Computing and Communications, Cloud and Big Data Computing, Internet of People, and Smart World Congress (UIC/ATC/ScalCom/CBDCom/IoP/SmartWorld). :368–373.
Address clustering tries to construct the one-to-many mapping from entities to addresses in the Bitcoin system. Simple heuristics based on the micro-structure of transactions have proved very effective in practice. In this paper we describe the primary reasons behind this effectiveness: address reuse, avoidable merging, super-clusters with high centrality,, the incremental growth of address clusters. We quantify their impact during Bitcoin's first seven years of existence.