DeepAI AI Chat
Log In Sign Up

Quantitative analysis of cryptocurrencies transaction graph

by   Amir Pasha Motamed, et al.
University of Tehran

Cryptocurrencies as a new way of transferring assets and securing financial transactions have gained popularity in recent years. Transactions in cryptocurrencies are publicly available, hence, statistical studies on different aspects of these currencies are possible. However, previous statistical analysis on cryptocurrencies transactions have been very limited and mostly devoted to Bitcoin, with no comprehensive comparison between these currencies. In this study, we intend to compare the transaction graph of Bitcoin, Ethereum, Litecoin, Dash, and Z-Cash, with respect to the dynamics of their transaction graphs over time, and discuss their properties. In particular, we observed that the growth rate of the nodes and edges of the transaction graphs, and the density of these graphs, are closely related to the price of these currencies. We also found that the transaction graph of these currencies is non-assortative, and the degree sequence of their transaction graph follows the power law distribution.


page 1

page 2

page 3

page 4


ChainNet: Learning on Blockchain Graphs with Topological Features

With emergence of blockchain technologies and the associated cryptocurre...

Bitcoin Transaction Forecasting with Deep Network Representation Learning

Bitcoin and its decentralized computing paradigm for digital currency tr...

Bitcoin Double-Spending Attack Detection using Graph Neural Network

Bitcoin transactions include unspent transaction outputs (UTXOs) as thei...

Anti-Money Laundering in Bitcoin: Experimenting with Graph Convolutional Networks for Financial Forensics

Anti-money laundering (AML) regulations play a critical role in safeguar...

Analyzing Hack Subnetworks in the Bitcoin Transaction Graph

Hacks are one of the most damaging types of cryptocurrency related crime...

Digital Asset Valuation: A Study on Domain Names, Email Addresses, and NFTs

Existing works on valuing digital assets on the Internet typically focus...

Cryptocurrencies Activity as a Complex Network: Analysis of Transactions Graphs

The number of users approaching the world of cryptocurrencies exploded i...