Cryptocurrencies activity as a complex network: Analysis of transactions graphs
| Autor: | Luca Serena, Stefano Ferretti, Gabriele D'Angelo |
|---|---|
| Přispěvatelé: | Serena L., Ferretti S., D'Angelo G. |
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
Networking and Internet Architecture (cs.NI)
FOS: Computer and information sciences Cryptocurrency Computer Networks and Communications Computer science Network analyzer (AC power) Cryptocurrencie Complex network Data science Computer Science - Networking and Internet Architecture Computer Science - Computers and Society Blockchain Computer Science - Distributed Parallel and Cluster Computing Order (exchange) Ledger Distributed ledger Computers and Society (cs.CY) Distributed ledger technologie Network analysis Distributed Parallel and Cluster Computing (cs.DC) Complex network analysis Database transaction Software |
| Popis: | The number of users approaching the world of cryptocurrencies exploded in the last years, and consequently the daily interactions on their underlying distributed ledgers have intensified. In this paper, we analyze the flow of these digital transactions in a certain period of time, trying to discover important insights on the typical use of these technologies by studying, through complex network theory, the patterns of interactions in four prominent and different Distributed Ledger Technologies (DLTs), namely Bitcoin, DogeCoin, Ethereum, Ripple. In particular, we describe the Distributed Ledger Network Analyzer (DiLeNA), a software tool for the investigation of the transactions network recorded in DLTs. We show that studying the network characteristics and peculiarities is of paramount importance, in order to understand how users interact in the DLT. For instance, our analyses reveal that all transaction graphs exhibit small world properties. |
| Databáze: | OpenAIRE |
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