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Do the Rich Get Richer? An Empirical Analysis of the Bitcoin Transaction Network

Do the Rich Get Richer? An Empirical Analysis of the Bitcoin Transaction Network
Author: Dániel Kondor
Publisher:
Total Pages: 10
Release: 2015
Genre:
ISBN:

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The possibility to analyze everyday monetary transactions is limited by the scarcity of available data, as this kind of information is usually considered highly sensitive. Present econophysics models are usually employed on presumed random networks of interacting agents, and only some macroscopic properties (e.g. the resulting wealth distribution) are compared to real-world data. In this paper, we analyze Bitcoin, which is a novel digital currency system, where the complete list of transactions is publicly available. Using this dataset, we reconstruct the network of transactions and extract the time and amount of each payment. We analyze the structure of the transaction network by measuring network characteristics over time, such as the degree distribution, degree correlations and clustering. We find that linear preferential attachment drives the growth of the network. We also study the dynamics taking place on the transaction network, i.e. the flow of money. We measure temporal patterns and the wealth accumulation. Investigating the microscopic statistics of money movement, we find that sublinear preferential attachment governs the evolution of the wealth distribution. We report a scaling law between the degree and wealth associated to individual nodes.


The Bitcoin Bible

The Bitcoin Bible
Author: Benjamin Guttmann
Publisher: BoD – Books on Demand
Total Pages: 250
Release: 2013-11-25
Genre: Political Science
ISBN: 3732284328

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The editor of The Bitcoin Bible, Benjamin Guttmann, is currently among the leading experts regarding crypto currencies in general and Bitcoins specifically. He is a journalist, concentrating mainly on politics and economic topics. The book consists partly of his own analysis and insight about Bitcoin and partly of articles collected from the most prominent and knowledgeable experts and authors and media on this topic.


Blockchain Intelligence

Blockchain Intelligence
Author: Zibin Zheng
Publisher: Springer Nature
Total Pages: 170
Release: 2021-05-31
Genre: Computers
ISBN: 9811601275

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This book focuses on using artificial intelligence (AI) to improve blockchain ecosystems. Gathering the latest advances resulting from AI in blockchain data analytics, it also presents big data research on blockchain systems. Despite blockchain's merits of decentralisation, immutability, non-repudiation and traceability, the development of blockchain technology has faced a number of challenges, such as the difficulty of data analytics on encrypted blockchain data, poor scalability, software vulnerabilities, and the scarcity of appropriate incentive mechanisms. Combining AI with blockchain has the potential to overcome the limitations, and machine learning-based approaches may help to analyse blockchain data and to identify misbehaviours in blockchain. In addition, deep reinforcement learning methods can be used to improve the reliability of blockchain systems. This book focuses in the use of AI to improve blockchain systems and promote blockchain intelligence. It describes data extraction, exploration and analytics on representative blockchain systems such as Bitcoin and Ethereum. It also includes data analytics on smart contracts, misbehaviour detection on blockchain data, and market analysis of blockchain-based cryptocurrencies. As such, this book provides researchers and practitioners alike with valuable insights into big data analysis of blockchain data, AI-enabled blockchain systems, and applications driven by blockchain intelligence.


Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Author: Yushi Jiang
Publisher: Springer Nature
Total Pages: 1906
Release: 2023-05-11
Genre: Business & Economics
ISBN: 9464630361

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This is an open access book. With the support of universities and the research of AEIC Academic Exchange Center, The 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022) will be held in Dali from June 24th to 26th. Compared with previous conferences, it will discuss more in-depth economic independent innovation, open cooperation and innovative business culture under the background of the new development stage, new situation and new journey era. There will be a broad exchange environment. Well-known experts, scholars or entrepreneurs in the field will be invited to make keynote reports. Contributing authors are also very welcome to actively participate in the conference and build an academic exchange ceremony.


Complex Networks & Their Applications V

Complex Networks & Their Applications V
Author: Hocine Cherifi
Publisher: Springer
Total Pages: 822
Release: 2016-11-25
Genre: Technology & Engineering
ISBN: 3319509012

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This book highlights cutting-edge research in the field of network science, offering scientists, researchers and graduate students a unique opportunity to catch up on the latest advances in theory and a multitude of applications. It presents the peer-reviewed proceedings of the fifth International Workshop on Complex Networks & their Applications (COMPLEX NETWORKS 2016), which took place in Milan during the last week of November 2016. The carefully selected papers are divided into 11 sections reflecting the diversity and richness of research areas in the field. More specifically, the following topics are covered: Network models; Network measures; Community structure; Network dynamics; Diffusion, epidemics and spreading processes; Resilience and control; Network visualization; Social and political networks; Networks in finance and economics; Biological and ecological networks; and Network analysis.


Financial Cryptography and Data Security

Financial Cryptography and Data Security
Author: Michael Brenner
Publisher: Springer
Total Pages: 646
Release: 2017-11-17
Genre: Computers
ISBN: 3319702785

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This book constitutes the refereed proceedings of 5 workshops held at the 21st International Conference on Financial Cryptography and Data Security, FC 2017, in Sliema, Malta, in April 2017.The 39 full papers presented were carefully reviewed and selected from 96 submissions. They feature the outcome of the 5th Workshop on Encrypted Computing and Applied Homomorphic Cryptography, WAHC 2017, the 4th Workshop on Bitcoin and Blockchain Research, BITCOIN 2017, the Second Workshop on Secure Voting Systems, VOTING 2017, the First Workshop on Trusted Smart Contracts, WTSC 2017, and the First Workshop on Targeted Attacks, TA 2017.The papers are grouped in topical sections named: encrypted computing and applied homomorphic cryptography; bitcoin and blockchain research; advances in secure electronic voting schemes; trusted smart contracts; targeted attacks.


Complex Networks and Their Applications VII

Complex Networks and Their Applications VII
Author: Luca Maria Aiello
Publisher: Springer
Total Pages: 677
Release: 2018-12-05
Genre: Technology & Engineering
ISBN: 3030054144

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This book highlights cutting-edge research in the field of network science, offering scientists, researchers, students and practitioners a unique update on the latest advances in theory, together with a wealth of applications. It presents the peer-reviewed proceedings of the VII International Conference on Complex Networks and their Applications (COMPLEX NETWORKS 2018), which was held in Cambridge on December 11–13, 2018. The carefully selected papers cover a wide range of theoretical topics such as network models and measures; community structure and network dynamics; diffusion, epidemics and spreading processes; and resilience and control; as well as all the main network applications, including social and political networks; networks in finance and economics; biological and neuroscience networks; and technological networks.


Proceedings of the Future Technologies Conference (FTC) 2020, Volume 2

Proceedings of the Future Technologies Conference (FTC) 2020, Volume 2
Author: Kohei Arai
Publisher: Springer Nature
Total Pages: 1015
Release: 2020-10-31
Genre: Technology & Engineering
ISBN: 3030630897

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This book provides the state-of-the-art intelligent methods and techniques for solving real-world problems along with a vision of the future research. The fifth 2020 Future Technologies Conference was organized virtually and received a total of 590 submissions from academic pioneering researchers, scientists, industrial engineers, and students from all over the world. The submitted papers covered a wide range of important topics including but not limited to computing, electronics, artificial intelligence, robotics, security and communications and their applications to the real world. After a double-blind peer review process, 210 submissions (including 6 poster papers) have been selected to be included in these proceedings. One of the meaningful and valuable dimensions of this conference is the way it brings together a large group of technology geniuses in one venue to not only present breakthrough research in future technologies, but also to promote discussions and debate of relevant issues, challenges, opportunities and research findings. The authors hope that readers find the book interesting, exciting and inspiring.


The Bitcoin Bible Gold Edition

The Bitcoin Bible Gold Edition
Author: Benjamin Guttmann
Publisher: BoD – Books on Demand
Total Pages: 438
Release: 2014-01-13
Genre: Political Science
ISBN: 3732296962

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The Bitcoin Bible "Gold Edition" is probably the next level of the "Bitcoin Bible" , the most comprehensive book on Bitcoins on the market. In over 400 pages the book describes easy to understand, but in depth all the wide-ranging aspects of Bitcoins. Contributers are: Alec Liu, Motherboard.com Vitalik Buterin, Bitcoin Magazine Danny Ashton, bitcoinexaminer.org Daniel Stuckey, Motherboard.com Elizabeth Ploshay, Bitcoin Magazine, Citizentekk Jonathan Stacke, Blockchain John Biggs , Techcrunch Ryan Broderick, Motherboard Greg Thomas, Motherboard Pater Tenebrarum at acting-man.com Jake Maxwell Watts, Quartz