Mint centrality: A centrality measure for the bitcoin transaction graph
BBF Pontiveros, M Steichen… - 2019 IEEE International …, 2019 - ieeexplore.ieee.org
BBF Pontiveros, M Steichen, R State
2019 IEEE International Conference on Blockchain and …, 2019•ieeexplore.ieee.orgIn this work, we consider the graph of confirmed transactions in bitcoin. Understanding this
graph is essential to discern the different economic activities conducted by the
pseudonymous actors. In addition to traditional graph analysis methods, new metrics need
to be engineered specifically for the bitcoin transaction graph. Hence, we propose a new
centrality measure named mint centrality. The measure uses the inherent tree structure of
transactions in bitcoin and their relation to the corresponding set of coinbase transactions …
graph is essential to discern the different economic activities conducted by the
pseudonymous actors. In addition to traditional graph analysis methods, new metrics need
to be engineered specifically for the bitcoin transaction graph. Hence, we propose a new
centrality measure named mint centrality. The measure uses the inherent tree structure of
transactions in bitcoin and their relation to the corresponding set of coinbase transactions …
In this work, we consider the graph of confirmed transactions in bitcoin. Understanding this graph is essential to discern the different economic activities conducted by the pseudonymous actors. In addition to traditional graph analysis methods, new metrics need to be engineered specifically for the bitcoin transaction graph. Hence, we propose a new centrality measure named mint centrality. The measure uses the inherent tree structure of transactions in bitcoin and their relation to the corresponding set of coinbase transactions, and can be evaluated with linear complexity. We present preliminary results of the mint centrality on the first 200,000 blocks of the public bitcoin blockchain.
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