Delgado Segura, S;
Pérez-Solà, C;
Navarro-Arribas, G;
Herrera-Joancomartí, J;
(2018)
Analysis of the Bitcoin UTXO set.
In:
Proceedings of the 22nd International Conference on Financial Cryptography and Data Security 2018.
IFCA: Nieuwpoort, Curaçao.
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Abstract
Bitcoin relies on the Unspent Transaction Outputs (UTXO) set to efficiently verify new generated transactions. Every unspent output, no matter its type, age, value or length is stored in every full node. In this paper we introduce a tool to study and analyze the UTXO set, along with a detailed description of the set format and functionality. Our analysis includes a general view of the set and quantifies the difference between the two existing formats up to the date. We also provide an accurate analysis of the volume of dust and unprofitable outputs included in the set, the distribution of the block height in which the outputs where included, and the use of non-standard outputs.
| Type: | Proceedings paper |
|---|---|
| Title: | Analysis of the Bitcoin UTXO set |
| Event: | 22nd International Conference on Financial Cryptography and Data Security, FC 2018 |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://fc18.ifca.ai/ |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10063357 |
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