Dissecting ethereum blockchain analytics: What we learn from topology and geometry of the ethereum graph?

Yitao Li, Umar Islambekov, Cuneyt Akcora, Ekaterina Smirnova, Yulia R. Gel, Murat Kantarcioglu

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The Blockchain technology and, in particular blockchain-based cryptocurrencies, offer us information that has never been seen before in the financial world. In contrast to fiat currencies, all transactions of crypto-currencies and crypto-tokens are permanently recorded on distributed ledgers and are publicly available. This allows us to construct a transaction graph and to assess not only its organization but to glean relationships between transaction graph properties and crypto price dynamics. The goal of this paper is to facilitate our understanding on horizons and limitations of what can be learned on crypto-tokens from local topology and geometry of the Ethereum transaction network whose even global network properties remain scarcely explored. By introducing novel tools based on Topological Data Analysis and Functional Data Depth into Blockchain Data Analytics, we show that Ethereum network (one of the most popular blockchains for creating new crypto-tokens) can provide critical insights on price changes of crypto-tokens that are otherwise largely inaccessible with conventional data sources and traditional analytic methods.

Original languageEnglish (US)
Title of host publicationProceedings of the 2020 SIAM International Conference on Data Mining, SDM 2020
EditorsCarlotta Demeniconi, Nitesh Chawla
PublisherSociety for Industrial and Applied Mathematics Publications
Pages523-531
Number of pages9
ISBN (Electronic)9781611976236
DOIs
StatePublished - 2020
Externally publishedYes
Event2020 SIAM International Conference on Data Mining, SDM 2020 - Cincinnati, United States
Duration: May 7 2020May 9 2020

Publication series

NameProceedings of the 2020 SIAM International Conference on Data Mining, SDM 2020

Conference

Conference2020 SIAM International Conference on Data Mining, SDM 2020
CountryUnited States
CityCincinnati
Period5/7/205/9/20

ASJC Scopus subject areas

  • Computer Science Applications
  • Software

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