Bitcoin is the earliest cryptocurrency and among the most successful ones to date. Recently, its dynamical evolution has attracted the attention of the research community due to its completeness and richness in historical records. In this paper, we focus on the detailed evolution of bitcoin trading with the aim of elucidating the mechanism that drives the formation of the bitcoin transaction network. Our empirical investigation reveals that although the temporal properties of the transaction network possesses scale-free degree distribution like many other networks, its formation mechanism is different from the commonly assumed models of degree preferential attachment or wealth preferential attachment. By defining the fitness value of each node as the ability of the node to attract new connections, we have instead uncovered that the observed scale-free degree distribution results from the intrinsic fitness of each node following a power-law distribution. Our finding thus suggests that the “good-get-richer” rather than the “rich-get-richer” paradigm operates within the bitcoin ecosystem. Based on these findings, we propose a model that captures the temporal generative process by means of a fitness preferential attachment and data-driven birth/death mechanism. Our proposed model is able to produce structural properties in good agreement with those obtained from the empirical bitcoin network.
Due to phenomena such as urban heat islands, outdoor thermal comfort of the cities’ residents emerges as a growing concern. A major challenge for mega-cities in changing climate is the design of urban spaces that ensure and promote pedestrian thermal comfort. Understanding pedestrian behavioural adaptation to urban thermal environments is critically important to attain this goal. Current research in pedestrian behaviour lacks controlled experimentation, which limits the quantitative modelling of such complex behaviour. Combining well-controlled experiments with human participants and computational methods inspired by behavioural ecology and decision theory, we examine the effect of sun exposure on route choice in a tropical city. We find that the distance walked in the shade is discounted by a factor of 0.86 compared to the distance walked in the sun, and that shadows cast by buildings have a stronger effect than trees. The discounting effect is mathematically formalised and thus allows quantification of the behaviour that can be used in understanding pedestrian behaviour in changing urban climates. The results highlight the importance of assessment of climate through human responses to it and point the way forward to explore scenarios to mitigate pedestrian heat stress.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.