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Bitcoin, a decentralized cryptocurrency, has attracted a lot of attention from academia, financial service industry and enthusiasts. The trade-off between transaction confirmation throughput and centralization of hash power do not allow…

Cryptography and Security · Computer Science 2015-12-31 Danil Nemirovsky

The cryptocurrency market is a very huge market without effective supervision. It is of great importance for investors and regulators to recognize whether there are market manipulation and its manipulation patterns. This paper proposes an…

General Finance · Quantitative Finance 2019-02-07 Weili Chen , Jun Wu , Zibin Zheng , Chuan Chen , Yuren Zhou

Decentralized cryptocurrency networks, notably those with high energy demand, have faced significant criticism and subsequent regulatory scrutiny. Despite these concerns, policy interventions targeting cryptocurrency operations in the…

Blockchain and blockchain-inspired decentralized applications are on the rise thanks to their unique characteristics such as their decentralized nature, anonymity, and tamper-proof nature; however, blockchain transactions tend to experience…

Cryptography and Security · Computer Science 2026-04-08 Yi Lyu

It is no exaggeration to say that since the introduction of Bitcoin, blockchains have become a disruptive technology that has shaken the world. However, the rising popularity of the paradigm has led to a flurry of proposals addressing…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-08-23 Christopher Natoli , Jiangshan Yu , Vincent Gramoli , Paulo Esteves-Verissimo

In January 3, 2009, Satoshi Nakamoto gave rise to the "Bitcoin Block Chain" creating the first block of the chain hashing on his computers central processing unit (CPU). Since then, the hash calculations to mine Bitcoin have been getting…

Trading and Market Microstructure · Quantitative Finance 2017-02-08 Luisanna Cocco , Michele Marchesi

Blockchain, the backbone of Bitcoin, has recently gained a lot of attention. Blockchain functions as an immutable record that enables decentralized transactions. Blockchain-based applications are sprouting up in a variety of industries,…

Cryptography and Security · Computer Science 2023-03-23 Aakash Garg , Ankit Tyagi , Anant Patel , Divyansh Raj

Context: Blockchain technology has drawn growing attention in the literature and in practice. Blockchain technology generates considerable amounts of data and has thus been a topic of interest for Machine Learning (ML). Objective: The…

Cryptography and Security · Computer Science 2024-03-27 Georgios Palaiokrassas , Sarah Bouraga , Leandros Tassiulas

A decentralized federated learning architecture is proposed to apply to the Businesses-to-Businesses scenarios by introducing the consortium blockchain in this paper. We introduce a model verification mechanism to ensure the quality of…

Machine Learning · Statistics 2021-05-11 Pengcheng Ren , Tongjiang Yan

Since the inception of permissionless blockchains with Bitcoin in 2008, it became apparent that their most well-suited use case is related to making the financial system and its advantages available to everyone seamlessly without depending…

General Finance · Quantitative Finance 2023-06-16 Georgios Palaiokrassas , Sandro Scherrers , Iason Ofeidis , Leandros Tassiulas

Thousands of cryptocurrencies have been issued and publicly exchanged since Bitcoin was invented in 2008. The total cryptocurrency market value exceeds 300 billion US dollars as of 2019. This paper analyzes the prices, volumes, blockchain…

Statistical Finance · Quantitative Finance 2022-04-21 Xiao Fan Liu , Zeng-Xian Lin , Xiao-Pu Han

How crypto flows among Bitcoin users is an important question for understanding the structure and dynamics of the cryptoasset at a global scale. We compiled all the blockchain data of Bitcoin from its genesis to the year 2020, identified…

General Finance · Quantitative Finance 2021-12-01 Yoshi Fujiwara , Rubaiyat Islam

Blockchain is a growing decentralized system built for transparency and immutability. There have been several major attacks on blockchain-based systems, leaving a gap in the trustability of this system. This article presents a comprehensive…

Cryptography and Security · Computer Science 2024-09-17 Joydip Das , Syed Ashraf Al Tasin , Md. Forhad Rabbi , Md Sadek Ferdous

Bitcoin's global success has led to the rise of blockchain, but many systems labeled as "blockchain" deviate from its core principles, adding complexity to the ecosystem. This survey addresses the need for a comprehensive review and…

Cryptography and Security · Computer Science 2024-09-30 Badr Bellaj , Aafaf Ouaddah , Noel Crespi , Abdelatif Mezrioui , Emmanuel Bertin

Blockchain technology is often discussed as if it emerged from nowhere, yet its architectural DNA traces directly to the decentralized computing principles James~N. Gray articulated in 1986. This paper maps the conceptual lineage from…

Distributed, Parallel, and Cluster Computing · Computer Science 2026-03-26 Zhongli Dong , Young Choon Lee , Albert Y. Zomaya

Bitcoin is a peer-to-peer distributed cryptocurrency system, that keeps all transaction history in a public ledger known as blockchain. The Bitcoin network is implicitly pseudoanonymous and its nodes are controlled by independent entities…

This research aims to identify how Bitcoin-related news publications and online discourse are expressed in Bitcoin exchange movements of price and volume. Being inherently digital, all Bitcoin-related fundamental data (from exchanges, as…

Statistical Finance · Quantitative Finance 2018-11-09 Marvin Aron Kennis

We study financial transaction confirmation finality in Bitcoin as a function of transaction amount and user risk tolerance. A transaction is recorded in a block on a blockchain. However, a transaction may be revoked due to a fork in the…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-11-20 Ethan Hicks , Joseph Oglio , Mikhail Nesterenko , Gokarna Sharma

Decentralized finance (DeFi) has the potential to disrupt centralized finance by validating peer-to-peer transactions through tamper-proof smart contracts, thus significantly lowering the transaction cost charged by financial…

General Economics · Economics 2023-12-04 Ziqiao Ao , Lin William Cong , Gergely Horvath , Luyao Zhang

Web3 technologies have experienced unprecedented growth in the last decade, achieving widespread adoption. As various blockchain networks continue to evolve, we are on the cusp of a paradigm shift in which they could provide services…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-06-23 Khalid Hassan , Amirreza Sokhankhosh , Sara Rouhani