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Bitcoin is a peer-to-peer payment system proposed by Nakamoto in 2008. Based on the Nakamoto consensus, Bagaria, Kannan, Tse, Fanti, and Viswanath proposed the Prism protocol in 2018 and showed that it achieves near-optimal blockchain…

密码学与安全 · 计算机科学 2020-04-27 Jing Li , Dongning Guo

Cryptocurrencies have garnered a lot of attention by governments and internet enthusiasts over the past three years. These currencies are celebrated for their security and speedy transactions in a modern era of digital commerce. Bitcoin was…

密码学与安全 · 计算机科学 2023-02-13 David Watkins

Cross-correlations in fluctuations of the daily exchange rates within the basket of the 100 highest-capitalization cryptocurrencies over the period October 1, 2015, through March 31, 2019, are studied. The corresponding dynamics…

A reputation of high volatility accompanies the emergence of Bitcoin as a financial asset. This paper intends to nuance this reputation and clarify our understanding of Bitcoin's volatility. Using daily, weekly, and monthly closing prices…

统计金融 · 定量金融 2021-03-02 Nassim Dehouche

Improving transaction throughput is an important challenge for Bitcoin. However, shortening the block generation interval or increasing the block size to improve throughput makes it sharing blocks within the network slower and increases the…

分布式、并行与集群计算 · 计算机科学 2020-06-05 Ryunosuke Nagayama , Kazuyuki Shudo , Ryohei Banno

We construct and study the Google matrix of Bitcoin transactions during the time period from the very beginning in 2009 till April 2013. The Bitcoin network has up to a few millions of bitcoin users and we present its main characteristics…

社会与信息网络 · 计算机科学 2018-06-29 Leonardo Ermann , Klaus M. Frahm , Dima L. Shepelyansky

Much significant research has been done to investigate various facets of the link between Bitcoin price and its fundamental sources. This study goes beyond by looking into least to most influential factors-across the fundamental,…

计算金融 · 定量金融 2017-07-06 Jamal Bouoiyour , Refk Selmi

We present a detailed bubble analysis of the Bitcoin to US Dollar price dynamics from January 2012 to February 2018. We introduce a robust automatic peak detection method that classifies price time series into periods of uninterrupted…

计量经济学 · 经济学 2019-05-31 Jan-Christian Gerlach , Guilherme Demos , Didier Sornette

The aim of this paper is to investigate the effect of a novel method called linear law-based feature space transformation (LLT) on the accuracy of intraday price movement prediction of cryptocurrencies. To do this, the 1-minute interval…

统计金融 · 定量金融 2023-05-09 Marcell T. Kurbucz , Péter Pósfay , Antal Jakovác

We construct the Bitcoin User Network (BUN) directly from raw blockchain data up to late 2025, which allows us to explore its mesoscopic properties and trace its temporal evolution. In particular, we analyze the structure of connected…

Determining the trust of an individual Bitcoin wallet is a difficult problem. There are no ratings, that offer vendors or exchanges meaningful information about the level of the taint of Bitcoins they are receiving. Lack of such information…

密码学与安全 · 计算机科学 2019-07-03 Uroš Hercog , Andraž Povše

Cryptocurrencies have gained significant attention in recent years due to their decentralized nature and potential for financial innovation. Thus, the ability to accurately predict its price has become a subject of great interest for…

机器学习 · 计算机科学 2024-10-21 Arthur Emanuel de Oliveira Carosia

Bitcoin and other similar digital currencies on blockchains are not ideal means for payment, because their prices tend to go up in the long term (thus people are incentivized to hoard those currencies), and to fluctuate widely in the short…

计算机与社会 · 计算机科学 2019-05-17 Kenji Saito , Mitsuru Iwamura

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…

统计金融 · 定量金融 2022-04-21 Xiao Fan Liu , Zeng-Xian Lin , Xiao-Pu Han

Bitcoin was recently introduced as a peer-to-peer electronic currency in order to facilitate transactions outside the traditional financial system. The core of Bitcoin, the Blockchain, is the history of the transactions in the system…

密码学与安全 · 计算机科学 2017-05-04 Siamak Solat , Maria Potop-Butucaru

Decentralization has been touted as the principal security advantage which propelled blockchain systems at the forefront of developments in the financial technology space. Its exact semantics nevertheless remain highly contested and…

密码学与安全 · 计算机科学 2024-04-16 Christina Ovezik , Dimitris Karakostas , Aggelos Kiayias

A model is proposed for Bitcoin prices that takes into account market attention. Market attention, modeled by a mean-reverting Cox-Ingersoll-Ross processes, affects the volatility of Bitcoin returns, with some delay. The model is affine and…

证券定价 · 定量金融 2024-01-17 Alvaro Guinea Julia , Alet Roux

In recent years, blockchain technology has been recognized as a transformative innovation in the tech world, and it has quickly become the core infrastructure of digital currencies such as Bitcoin and an important tool in various…

密码学与安全 · 计算机科学 2025-01-22 Mohsen Ghorbian , Mostafa Ghobaei-Arani

In recent years, Bitcoin price prediction has attracted the interest of researchers and investors. However, the accuracy of previous studies is not well enough. Machine learning and deep learning methods have been proved to have strong…

统计金融 · 定量金融 2021-06-25 Liping Yang

BitCoin transactions are malleable in a sense that given a transaction an adversary can easily construct an equivalent transaction which has a different hash. This can pose a serious problem in some BitCoin distributed contracts in which…

密码学与安全 · 计算机科学 2013-12-12 Marcin Andrychowicz , Stefan Dziembowski , Daniel Malinowski , Łukasz Mazurek