- 02.03.2020

Example ethereum wallet address

example ethereum wallet addressThe Address 0x71cec7ab88bdefbbb5f6df page allows users to view transactions, balances, token Ether. You'll need to create your own Ethereum wallet and use that address to send in your In this example, we're blurred part of the address.

Image credit: Reddit user I anJMeikle Introduction Ethereum users may be anonymous, but their addresses are unique identifiers that leave a trail publicly visible on the example ethereum wallet address.

Ethereum wallets

I built a clustering algorithm based on transaction activity that divides Ethereum example ethereum wallet address into distinct behavioral subgroups. It can predict whether an example ethereum wallet address belongs to an exchange, miner, or ICO wallet.

Example ethereum wallet address

The database was constructed using SQL, and the model was coded in Python. Source code is available example ethereum example ethereum wallet address address GitHub. These contracts are often used to represent other assets.

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These assets can represent physical objects in the real world like real estate titles or be purely digital objects such as utility tokens. The computations required to execute smart contracts are paid for in ether, the native currency of the ecosystem.

Ether is stored in cryptographically secured accounts called addresses. Motivation Many people believe that cryptocurrencies offer digital anonymity, and there is some truth to that link. In fact, anonymity is the core example ethereum wallet address of Monero and ZCash.

Ethereum, however, is more widely used, and example ethereum wallet address broad flexibility results in a rich, public dataset of transactional behavior.

Example ethereum wallet address

Because Ethereum addresses are unique identifiers whose ownership does not change, their activity can be tracked, aggregated, and analyzed. Here, I attempt to create user archetypes by effectively clustering the Ethereum address space.

These archetypes could be used to predict the owner of an unknown address.

Example ethereum wallet address

Example ethereum wallet address opens up a wide array of applications: understanding network activity improving AML activities Results Participants in the Ethereum ecosystem can be separated exchange address patterns in their transaction activity.

Addresses known to belong to exchanges, miners, and ICOs qualitatively show that the results example ethereum wallet address clustering are accurate. Technical Details Feel free example ethereum wallet address skip to Interpreting the Results below.

Example ethereum wallet address

Using the 40, addresses with the highest example ethereum wallet address balances, I created 25 features to characterize differences in user behavior. Features derived for each address Choosing the Appropriate Number of Clusters Using silhouette analysisI determined the optimal number of clusters to be roughly 8.

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This choice minimizes the https://catalog-id.ru/address/wtfskins-net.html of samples with negative silhouette scores, which example ethereum wallet address that a sample may be assigned to the wrong cluster.

By scraping data from the Etherscan. The majority of labels fell into three categories: exchanges, miners, and ICO wallets.

Example ethereum wallet address

Clustering is an unsupervised machine learning technique, so I could not use labels to train my example ethereum wallet address.

Instead, I used them to assign user archetypes to clusters, based on the highest label density for each cluster. Results can example ethereum wallet address found here.

Example ethereum wallet address

Known addresses on the left. Re-clustering Exchange and miner addresses were mixed together in the same cluster at first. To separate them, I performed a second round of clustering, using only the addresses in that cluster.

What's an Ethereum wallet?

By changing the dissimilarity measure from euclidean distance to cosine distance, I dramatically improved separation example example ethereum wallet address wallet address exchanges and miners.

Improved separation of exchanges and miners. By substituting results from re-clustering into the original analysis, we end up with 9 clusters.

How to Create an Ethereum Wallet Address with Trust Wallet On Your Phone

Interpreting the Results We can draw conclusions about user behavior based on the corresponding cluster centroids. Radar plot — cluster centroid address features Exchanges High incoming and outgoing transaction volume Highly example ethereum wallet address time between transactions Exchanges are the banks of the example ethereum wallet address space.

Ethereum Wallets Explained Simply (Smart Contracts, Gas, Transactions)

These results are intuitive. Miners Small average transaction size Example ethereum wallet address regular time between transactions Miners secure the blockchain by expending computational power, and are rewarded with ether.

Example ethereum wallet address

It makes sense that these startups would have large war chests, example ethereum wallet address periodically sell large amounts to cover regular business expenses.

Other categories The Exchange and Mining clusters are highly similar, as they were created in the second round of clustering. Addresses in cluster 7 have a large amount of smart contract activity. Venture bay example ethereum wallet address server 2 and 5 are highly distinct.

Ethereum (ETH) Wallet

Can you identify any of these user groups? Next Steps Expanding on this work would allow a more nuanced view click Ethereum blockchain data.

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