Abstract
Address clustering tries to construct the one-to-many mapping from entities to addresses in the Bitcoin system. Simple heuristics based on the micro-structure of transactions have proved very effective in practice. In this paper we describe the primary reasons behind this effectiveness: address reuse, avoidable merging, super-clusters with high centrality, the incremental growth of address clusters. We quantify their impact during Bitcoin's first seven years of existence.
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CITATION STYLE
Harrigan, M., & Fretter, C. (2017). The Unreasonable Effectiveness of Address Clustering. In Proceedings - 13th IEEE International Conference on Ubiquitous Intelligence and Computing, 13th IEEE International Conference on Advanced and Trusted Computing, 16th IEEE International Conference on Scalable Computing and Communications, IEEE International Conference on Cloud and Big Data Computing, IEEE International Conference on Internet of People and IEEE Smart World Congress and Workshops, UIC-ATC-ScalCom-CBDCom-IoP-SmartWorld 2016 (pp. 368–373). Institute of Electrical and Electronics Engineers Inc. https://doi.org/10.1109/UIC-ATC-ScalCom-CBDCom-IoP-SmartWorld.2016.0071
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