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2023 | OriginalPaper | Buchkapitel

An Analysis of Bitcoin Dust Through Authenticated Queries

verfasst von : Matteo Loporchio, Anna Bernasconi, Damiano Di Francesco Maesa, Laura Ricci

Erschienen in: Complex Networks and Their Applications XI

Verlag: Springer International Publishing

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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.

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Fußnoten
1
A satoshi represents the smallest bitcoin denomination, namely \(10^{-8}\) bitcoins.
 
2
These are also referred to as forced address reuse attacks [2].
 
3
The inter-block time is the time that passes between the creation of two consecutive blocks.
 
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Metadaten
Titel
An Analysis of Bitcoin Dust Through Authenticated Queries
verfasst von
Matteo Loporchio
Anna Bernasconi
Damiano Di Francesco Maesa
Laura Ricci
Copyright-Jahr
2023
DOI
https://doi.org/10.1007/978-3-031-21131-7_39

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