Morin, A;
Vasek, M;
Moore, T;
(2021)
Detecting Text Reuse in Cryptocurrency Whitepapers.
In:
2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC).
IEEE: Sydney, Australia.
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Abstract
Thousands of new cryptocurrencies have been introduced in recent years. Most are introduced with a so-called "whitepaper" containing a mix of technical documentation, legal boilerplate and marketing material. Notably, many proposed currencies reuse text from previous established cryptocurrencies. We analyze the whitepapers from 1 260 actively traded cryptocurrencies and 2 039 ICOs. We develop two measures of similarity. Moderately similar papers reuse text in a portion of the paper, often the legal disclaimers. By contrast, some highly similar whitepapers appear to copy most of the text. 4% of coin and 19% of ICO whitepapers are highly similar to those of traded coins. The fraction rises to 64% for coins and 67% for ICOs when we consider moderate text reuse.
| Type: | Proceedings paper |
|---|---|
| Title: | Detecting Text Reuse in Cryptocurrency Whitepapers |
| Event: | 2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC) |
| Dates: | 03 May 2021 - 06 May 2021 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1109/icbc51069.2021.9461147 |
| Publisher version: | https://doi.org/10.1109/ICBC51069.2021.9461147 |
| 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. |
| Keywords: | Cryptocurrency, Bitcoin, ICO, Text Reuse, Fraud |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10133235 |
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