Cryptocurrency Network Analysis

TL;DR

This paper explores the application of social network analysis techniques to cryptocurrency transaction data, highlighting differences from traditional social networks due to the nature of exchanged assets.

Contribution

It introduces a framework for analyzing cryptocurrency networks using social network analysis tools, emphasizing the unique transactional data characteristics.

Findings

Identifies key network structures in cryptocurrency transactions

Highlights differences between cryptocurrency and social media networks

Provides insights into user behavior and transaction patterns

Abstract

Cryptocurrency network analysis consists of applying the tools and methods of social network analysis to transactional data issued from cryptocurrencies. The main difference with most online social networks is that users do not exchange textual content but instead value -- in systems designed mainly as cryptocurrency, such as Bitcoin -- or digital items and services in more permissive systems based on smart contracts such as Ethereum.