A Petri Net-Based Model For Investigating Disposable Addresses In Bitcoin System

Andrea Pinna
The most Bitcoin users are very careful about keeping their anonymity. In this work we investigate the use of disposable addresses, a very common method adopted by users to protect their identity and propose a method to recognize these addresses, We applied it on the first 180,000 blocks of the Bitcoin Blockchain. Results highlighted that a large part of Bitcoin transactions involves disposable addresses. Further, they showed that many of these transactions form chains whose length is characterized by a power-law distribution.

Metadata

Year 2016
Peer Reviewed not_interested
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