2021
DOI: 10.1016/j.jnca.2020.102940
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Dissecting bitcoin blockchain: Empirical analysis of bitcoin network (2009–2020)

Abstract: 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. Unlike fiat currencies, there is no centralized authority or any statutory recognition, backing, or regulation for Bitcoin. All transactions are confirmed for validity by a network of volunteer nodes (miners) and after collective agreement is subsequently recorded into a distributed ledger "Blockchain". Bitcoin platform has attracted bot… Show more

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Cited by 51 publications
(29 citation statements)
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References 25 publications
(36 reference statements)
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“…It implies that the Bitcoin network is a scale-free network, in which only a few nodes have a large number of connections [21] while the majority of nodes are of low degrees and have fewer connections. This is consistent with the findings obtained by the research [7], [8] using complete real network data.…”
Section: A Degree Distributionsupporting
confidence: 93%
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“…It implies that the Bitcoin network is a scale-free network, in which only a few nodes have a large number of connections [21] while the majority of nodes are of low degrees and have fewer connections. This is consistent with the findings obtained by the research [7], [8] using complete real network data.…”
Section: A Degree Distributionsupporting
confidence: 93%
“…Refs. [6] and [7] initially explore the Bitcoin transaction network with a preliminary graph analysis while [8] provides the longitudinal network-based analysis of the Bitcoin systems. The study [9] analyzes the structure of the transaction network by measuring network characteristics, including the degree distribution, degree correlations, and clustering.…”
Section: Introductionmentioning
confidence: 99%
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“…However, most studies in this area still overlooked detailed analyses of the network community structures. While extensive studies have been performed on blockchain networks such as Bitcoin ( Nerurkar et al, 2021 ) due to its long establishment, network analyses on Ethereum are quite limited ( Li et al, 2020 ). Such analyses could play a crucial role in wealth distribution, the network’s relational structure, and the link predictability from heterogeneous network data.…”
Section: Introductionmentioning
confidence: 99%
“…Already we know that Artificial Intelligence (AI) and deep learning are popular methodologies for application in domains where data is available in text, audio, video, or speech formats [15,16,17,18,19,20]. AI and profound learning have brought perspective changes in medical care examination fields, for example, X-beam finding, EEG/ECG (Electroencephalography/electrocardiography) analysis, and so on Nonetheless, restricted accessibility of databases because of trouble in information assortment and marking have hampered the accomplishment of the cutting edge brings about hack conclusion [1,21].…”
mentioning
confidence: 99%