I’m Lovin’ Anonymity.

Over the last few years, Bitcoin, a decentralized P2P cryptocurrency, has gained widespread attention and has made others to follow with similar efforts. The ability to create pseudoanonymous financial transactions using bitcoins has made the currency attractive to users who value their privacy.
Although previous work has analyzed the degree of anonymity Bitcoin offers, none have demonstrated the ability to map Bitcoin addresses directly to IP data. We tried to replicate an study in which Koshy et all [1] proposed a novel approach to create and evaluate such mappings using real-time transaction traffic collected over 5 months. We felt it was important to collect data for a longer enough time period to introduce all sources of variation. This variation may affect the heuristics developed for identifying ownership relationships between Bitcoin addresses and IP addresses.
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[1] Philip Koshy(B), Diana Koshy, and Patrick McDaniel. An Analysis of Anonymity in Bitcoin Using P2P Network Traffic. Pennsylvania State University, 2016.