Bitcoin and Address

Identification

Ayush Jain
Marriotts Ridge High School
JHU-APL
Mr. Bruce Cottle
Agenda
Internship and sources
Introduction to Bitcoin
Research Question
Further research
Johns Hopkins Applied Physics Laboratory

Mentor: Mr. Bruce Cottle

AOS
IPSEC and TLS, Network Assistance
 Sources
Papers
Videos
News Articles
Bitcoin - The Basics
Digital cryptocurrency
Peer-to-peer network of nodes
Distributed ledger
Miners mine blocks and broadcast blocks to
nodes
 The Bad
Guys
Exchanges for illegal goods
Normally use paper money
The Silk Road
Research Question
How can Bitcoin transaction records be used to
identify and prevent illicit transactions on the
Bitcoin network?
 Visualization Research
Graph Theory
Private Bitcoin testnets

Post-transaction research
is necessary in the Bitcoin blockchain
No method for identification
 Data Analysis
Use actual Bitcoin data
from accounts that conduct
illicit transactions

Groupings: Illicit, Gambler, Vendor/Company, Random

 Procedure
2. Download and
import transaction
1. Find a Bitcoin data from this node
address with a into MS Excel.
known grouping.

3. Visualize
graphically in
GraphViz
Procedure
4. Data Analysis
 Product
Java program created to replicate and groups
unknown users based on tests
Conclusion

Internship and sources

Introduction to Bitcoin
Research Question
Further research