A Method for Blockchain Transactions Analysis

Macedo, Víctor Gabriel Reyes; Rosales, Moisés Salinas; Garcia, Gina Gallegos

doi:10.1109/tla.2019.8931194

Cited by 10 publications

(4 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The change in the profile of Bitcoin's user base was also evident from the increase in the transaction values, fluctuations in BTC price, and volumes of BTC's. This phase also saw the emergence of Ponzi schemes, money laundering, frauds [9], embezzlements, extortion [10] and tax evasion [11] practices that used the blanket of secrecy afforded by Bitcoin to mislead the audit trail.…”

Section: Introductionmentioning

confidence: 99%

Dissecting bitcoin blockchain: Empirical analysis of bitcoin network (2009–2020)

Nerurkar

Patel²,

Busnel

et al. 2021

Journal of Network and Computer Applications

View full text Add to dashboard Cite

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 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.

show abstract

Section: Introductionmentioning

confidence: 99%

Dissecting bitcoin blockchain: Empirical analysis of bitcoin network (2009–2020)

Nerurkar

Patel²,

Busnel

et al. 2021

Journal of Network and Computer Applications

View full text Add to dashboard Cite

show abstract

“…Reyes-Macedo et al [94] focused on analyzing the transactions derived from cybercrime (ransomware attacks) or activities involving the use of cryptocurrencies based on public chains. They found that cybercriminals use stripping chains in Bitcoin systems and hide their traces by means of currency exchange companies or converting the collected digital currency into other kinds of digital currency.…”

Section: Peeling Chainmentioning

confidence: 99%

Blockchain Data Analysis from the Perspective of Complex Networks: Overview

Song

Zhang

Wang

et al. 2023

Tsinghua Sci. Technol.

View full text Add to dashboard Cite

Cryptocurrency based on blockchain technology has gradually become a choice for people to invest in, and several users have participated in the accumulation of massive transaction data. Complete transaction records in blockchains and the openness of data provide researchers with opportunities to mine and analyze data in blockchains. Network modeling and analysis of cryptocurrency transaction records are common methods in blockchain data analysis. The analysis of attribute graphs can provide insights into various economic indicators, illegal activities, and general Internet security, among others. Accordingly, this article aims to summarize and analyze the literature on cryptocurrency transaction data from the perspective of complex networks. To provide systematic guidance for researchers, we put forward a blockchain data analysis framework based on the introduction of the relevant background and reviewed the work from five aspects: blockchain data model, data acquisition on blockchains, existing analysis tools, available insights, and common analysis methods. For each aspect, we introduce the research problems, summarize the methods, and discuss the results and findings. Finally, we present future research points and several open questions in the study of cryptocurrency transaction networks.

show abstract

“…The change in the profile of Bitcoin's user base was also evident from the increase in the transaction values, fluctuations in BTC price, and volumes of BTC's. This phase also saw the emergence of Ponzi schemes, money laundering, frauds, 23 embezzlements, extortion 24 and tax evasion 25 practices that used the blanket of secrecy afforded by Bitcoin to mislead the audit trail. There emerged a diversity even among the miners in terms of geography and size.…”

Section: Related Workmentioning

confidence: 99%

Secure smart contracts for cloud‐based manufacturing using Ethereum blockchain

Kumar

Abhishek

Nerurkar

et al. 2020

Trans Emerging Tel Tech

View full text Add to dashboard Cite

Past international trade practices have been associated with opaque information flows that have hindered traceability and created hurdles in hassle-free trade. Blockchain and allied technologies have been investigated as a panacea for the problems faced by the Cloud-Based Manufacturing industry. However, previous literature has focused on limited aspects of a typical Cloud-Based Manufacturing chain, such as monitoring assets and securing traceability, which is widely neglecting data integrity and data access. To overcome such drawbacks, the current paper proposes secure smart contracts based on the ERC20 interface in a permissioned blockchain with relevant processes and functions to obtain a holistic framework for securing Cloud-Based Manufacturing operations. The efficacy of the proposed framework was demonstrated on the case study. It was found that critical loopholes in a current supply chain can be overcome using the proposed framework. Additionally, several outlines for future research are outlined.

show abstract

A Method for Blockchain Transactions Analysis

Cited by 10 publications

References 11 publications

Dissecting bitcoin blockchain: Empirical analysis of bitcoin network (2009–2020)

Dissecting bitcoin blockchain: Empirical analysis of bitcoin network (2009–2020)

Blockchain Data Analysis from the Perspective of Complex Networks: Overview

Secure smart contracts for cloud‐based manufacturing using Ethereum blockchain

Contact Info

Product

Resources

About