2020/02/15 by Sharma, Aman, Ashutosh Bhatia, Bhatia, Ashutosh
Computer Science · Physics and Astronomy · #Blockchain Technology Applications and Security #Complex Network Analysis Techniques #Cryptography and Security (cs.CR) #Distributed #FOS: Computer and information sciences #Graph Theory and Algorithms #Networking and Internet Architecture (cs.NI) #Parallel #and Cluster Computing (cs.DC)
paper · pdf · doi:10.48550/arxiv.2002.06403
openalex publication_date 2020/02/15 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Bitcoin is the most popular cryptocurrency used worldwide. It provides pseudonymity to its users by establishing identity using public keys as transaction end-points. These transactions are recorded on an immutable public ledger called Blockchain which is an append-only data structure. The popularity of Bitcoin has increased unreasonably. The general trend shows a positive response from the common masses indicating an increase in trust and privacy concerns which makes an interesting use case from the analysis point of view. Moreover, since the blockchain is publicly available and up-to-date, any analysis would provide a live insight into the usage patterns which ultimately would be useful for making a number of inferences by law-enforcement agencies, economists, tech-enthusiasts, etc. In this paper, we study various applications and techniques of performing data analytics over Bitcoin blockchain from a graph theoretic perspective. We also propose a framework for performing such data analytics and explored a couple of use cases using the proposed framework.