Assessing the Efficacy of Heuristic-Based Address Clustering for Bitcoin

arXiv:2403.00523v1 Announce Type: cross
Abstract: Exploring transactions within the Bitcoin blockchain entails examining the transfer of bitcoins among several hundred million entities. However, it is often impractical and resource-consuming to study such a vast number of entities. Consequently, entity clustering serves as an initial step in most analytical studies. This process often employs heuristics grounded in the practices and behaviors of these entities. In this research, we delve into the examination of two widely used heuristics, alongside the introduction of …

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