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Consensus protocols are currently the bottlenecks that prevent blockchain systems from scaling. However, we argue that transaction execution is also important to the performance and security of blockchains. In other words, there are ample…

Distributed, Parallel, and Cluster Computing · Computer Science 2020-07-15 Daniël Reijsbergen , Tien Tuan Anh Dinh

This paper investigates the evolving link between cryptocurrency and equity markets in the context of the recent wave of corporate Bitcoin (BTC) treasury strategies. We assemble a dataset of 39 publicly listed firms holding BTC, from their…

General Finance · Quantitative Finance 2025-05-21 Sabrina Aufiero , Antonio Briola , Tesfaye Salarin , Fabio Caccioli , Silvia Bartolucci , Tomaso Aste

At the heart of the Bitcoin is a blockchain protocol, a protocol for achieving consensus on a public ledger that records bitcoin transactions. To the extent that a blockchain protocol is used for applications such as contract signing and…

Cryptography and Security · Computer Science 2017-07-28 Joseph Y. Halpern , Rafael Pass

Bitcoin, launched in 2008 by Satoshi Nakamoto, established a new digital economy where value can be stored and transferred in a fully decentralized manner - alleviating the need for a central authority. This paper introduces a large scale…

Machine Learning · Computer Science 2024-11-18 Hugo Schnoering , Michalis Vazirgiannis

This work is organized as follows. In the first section we review the prior work and we have obtained our data. Next, we will look at address reuse in the Bitcoin network. We show that a great portion of users reuse their addresses which…

Social and Information Networks · Computer Science 2018-04-24 Mohammad Sadegh Ebrahimi , Afshin Babveyh

Blockchain-based cryptocurrencies have received extensive attention recently. Massive data has been stored on permission-less blockchains. The analysis on massive blockchain data can bring huge business values. However, the lack of…

Cryptography and Security · Computer Science 2019-12-18 Peilin Zheng , Zibin Zheng , Hong-ning Dai

The Bitcoin digital currency appeared in 2009. Since this time, researchers and practitioners have looked under the hood of the open source Bitcoin currency, and discovered that Bitcoins Blockchain software architecture is useful for…

Computers and Society · Computer Science 2017-03-20 J. Prpić

As the pioneer of blockchain technology, Bitcoin is the most popular cryptocurrency to date. Given its dramatic price spikes (and crashes) along with the never-ending news from SEC regulations to security breaches, there seems to be a lack…

Computers and Society · Computer Science 2020-06-04 Anthony Luo , Dianxiang Xu

Cryptocurrencies are highly volatile financial instruments with more and more new retail investors joining the scene with each passing day. Bitcoin has always proved to determine in which way the rest of the cryptocurrency market is headed…

Statistical Finance · Quantitative Finance 2024-11-22 Rahul Arulkumaran , Suyash Kumar , Shikha Tomar , Manideep Gongalla , Harshitha

Blockchain technology is the first successful Bitcoin Network. It enables the ledger to become more decentralized and secure. Since it is not limited to bitcoin and controlled by third parties by government, corporations or banks, the…

Image and Video Processing · Electrical Eng. & Systems 2020-04-17 Jala Quluzada , Sabnam Maharramli

Bitcoin is the first and undoubtedly most successful cryptocurrecny to date with a market capitalization of more than 100 billion dollars. Today, Bitcoin has more than 100,000 supporting merchants and more than 3 million active users.…

Cryptography and Security · Computer Science 2019-11-19 Emmanouil Karampinakis , Michalis Pachilakis , Panagiotis Papadopoulos , Antonis Krithinakis , Evangelos P. Markatos

Blockchain analysis is essential for understanding how cryptocurrencies like Bitcoin are used in practice, and address clustering is a cornerstone of blockchain analysis. However, current techniques rely on heuristics that have not been…

Cryptography and Security · Computer Science 2022-07-12 Malte Möser , Arvind Narayanan

Cryptocurrencies have recently been in the spotlight of public debate due to their embrace by the new US President, with crypto fans expecting a 'bull run'. The global cryptocurrency market capitalisation is more than \$3.50 trillion, with…

Computational Engineering, Finance, and Science · Computer Science 2025-11-12 Marco Venturini , Daniel García-Costa , Elena Álvarez-García , Francisco Grimaldo , Flaminio Squazzoni

Blockchain technology has rapidly expanded beyond its original use in cryptocurrencies to a broad range of applications, creating vast amounts of immutable, decentralized data. As blockchain adoption grows, so does the need for advanced…

Emerging Technologies · Computer Science 2025-05-08 Marcel Bühlmann , Hans-Georg Fill , Simon Curty

Bitcoin is the first and highest valued cryptocurrency that stores transactions in a publicly distributed ledger called the blockchain. Understanding the activity and behavior of Bitcoin actors is a crucial research topic as they are…

Social and Information Networks · Computer Science 2022-07-18 Natkamon Tovanich , Rémy Cazabet

The Bitcoin system is an anonymous, decentralized crypto-currency. There are some deanonymizating techniques to cluster Bitcoin addresses and to map them to users' identifications in the two research directions of Analysis of Transaction…

Cryptography and Security · Computer Science 2015-10-28 QingChun ShenTu , JianPing Yu

Anonymity in Bitcoin, a peer-to-peer electronic currency system, is a complicated issue. Within the system, users are identified by public-keys only. An attacker wishing to de-anonymize its users will attempt to construct the one-to-many…

Physics and Society · Physics 2012-05-08 Fergal Reid , Martin Harrigan

Bitcoin mining presents a significant economic incentive for efficient hashing and broadcast of data, both parameters stemming from the Proofs of Work used to advance the network. This incentive has led to the development of Bitcoin…

Cryptography and Security · Computer Science 2016-03-17 Jonathan Harvey-Buschel , Can Kisagun

Cryptocurrencies are a type of digital money meant to provide security and anonymity while using cryptography techniques. Although cryptocurrencies represent a breakthrough and provide some important benefits, their usage poses some risks…

General Finance · Quantitative Finance 2024-01-22 Ana Fernández Vilas , Rebeca P. Díaz Redondo , Daniel Couto Cancela , Alejandro Torrado Pazos

Blockchain has many benefits including decentralization, availability, persistency, consistency, anonymity, auditability and accountability, and it also covers a wide spectrum of applications ranging from cryptocurrency, financial services,…

Computational Engineering, Finance, and Science · Computer Science 2018-10-02 Quan-Lin Li , Jing-Yu Ma , Yan-Xia Chang