An Analysis of Bitcoin Dust Through Authenticated Queries

【Author】 Loporchio, Matteo; Bernasconi, Anna; Maesa, Damiano Di Francesco; Ricci, Laura

【Source】COMPLEX NETWORKS AND THEIR APPLICATIONS XI, COMPLEX NETWORKS 2022, VOL 2

【影响因子】

【Abstract】Dust refers to the amounts of cryptocurrency that are smaller than the fees required to spend them in a transaction. Due to its "economically irrational" nature, dust is often used to achieve some external side effect, rather than exchanging value. In this paper we study this phenomenon by conducting an analysis of dust creation and consumption in the Bitcoin blockchain. We do so by exploiting a new method that allows resource-constrained nodes to retrieve blockchain data by sending authenticated queries to possibly untrusted but more powerful nodes. We validate the method effectiveness experimentally and then analyze the collected data. Results show that a large amount of dust can be traced back to on-chain betting services. [Loporchio, Matteo; Bernasconi, Anna; Maesa, Damiano Di Francesco; Ricci, Laura] Univ Pisa, Dept Comp Sci, Largo Bruno Pontecorvo 3, I-56127 Pisa, Italy University of Pisa Loporchio, M (通讯作者)，Univ Pisa, Dept Comp Sci, Largo Bruno Pontecorvo 3, I-56127 Pisa, Italy. matteo.loporchio@phd.unipi.it; anna.bernasconi@unipi.it; damiano.difrancesco@unipi.it; laura.ricci@unipi.it 17 0 0 0 0 SPRINGER INTERNATIONAL PUBLISHING AG CHAM GEWERBESTRASSE 11, CHAM, CH-6330, SWITZERLAND 1860-949X 1860-9503 978-3-031-21133-1; 978-3-031-21131-7; 978-3-031-21130-0 STUD COMPUT INTELL 2023 1078 495 508 10.1007/978-3-031-21131-7_39 http://dx.doi.org/10.1007/978-3-031-21131-7_39 14 Conference Proceedings Citation Index - Science (CPCI-S); Conference Proceedings Citation Index - Social Science & Humanities (CPCI-SSH) BU9UI 2023-05-06 WOS:000963499200039

【Keywords】Authenticated data structures; Bitcoin; Blockchain; Network analysis

【发表时间】2023

【收录时间】2023-05-09

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-数字货币