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arXiv · 2010.10858

Transaction Characteristics of Bitcoin

Befekadu G. Gebraselase·Bjarne E. Helvik·Yuming Jiang
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Abstract

Blockchain has been considered as an important technique to enable secure management of virtual network functions and network slices. To understand such capabilities of a blockchain, e.g. transaction confirmation time, demands a thorough study on the transaction characteristics of the blockchain. This paper presents a comprehensive study on the transaction characteristics of Bitcoin -- the first blockchain application, focusing on the underlying fundamental processes. A set of results and findings are obtained, which provide new insight into understanding the transaction and traffic characteristics of Bitcoin. As a highlight, the validity of several hypotheses/assumptions used in the literature is examined with measurement for the first time.

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Befekadu G. Gebraselase, Bjarne E. Helvik, Yuming Jiang. 2020-10-21. Transaction Characteristics of Bitcoin. https://arxiv.org/abs/2010.10858

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