libtxsize – a library for automated Bitcoin transaction-size estimates

02/25/2021
by   Johannes Hofmann, et al.
0

This paper presents libtxsize, a library to estimate the size requirements of arbitrary Bitcoin transactions. To account for different use cases, the library provides estimates in bytes, virtual bytes, and weight units. In addition to all currently existing input, output, and witness types, the library also supports estimates for the anticipated Pay-to-Taproot transaction type, so that estimates can be used as input for models attempting to quantify the impact of Taproot on Bitcoin's scalability. libtxsize is based on analytic models, whose credibility is established through first-principle analysis of transaction types as well as exhaustive empirical validation. Consequently, the paper can also serve as reference for different Bitcoin data and transaction types, their semantics, and their size requirements (both from an analytic and empirical point of view).

READ FULL TEXT

page 1

page 2

page 3

page 4

research
02/27/2021

Deciphering Bitcoin Blockchain Data by Cohort Analysis

Bitcoin is a peer-to-peer electronic payment system that popularized rap...
research
12/29/2020

Cap the Gap: Solving the Egoistic Dilemma under the Transaction Fee-Incentive Bitcoin

Bitcoin has witnessed a prevailing transition that employing transaction...
research
06/18/2021

An Analysis of Transaction Handling in Bitcoin

Bitcoin has become the leading cryptocurrency system, but the limit on i...
research
07/15/2020

Bitcoin Transaction Forecasting with Deep Network Representation Learning

Bitcoin and its decentralized computing paradigm for digital currency tr...
research
09/21/2018

Predicting the confirmation time of Bitcoin transactions

We study the probabilistic distribution of the confirmation time of Bitc...
research
03/13/2020

Snapshot Samplings of the Bitcoin Transaction Network and Analysis of Cryptocurrency Growth

The purpose of this work was to perform a network analysis on the rapidl...
research
06/09/2018

GHTraffic: A Dataset for Reproducible Research in Service-Oriented Computing

We present GHTraffic, a dataset of significant size comprising HTTP tran...

Please sign up or login with your details

Forgot password? Click here to reset