On the Ethereum Blockchain Structure: a Complex Networks Theory Perspective
This work provides insights into blockchain structure for researchers and practitioners, but it is incremental as it applies existing complex networks theory to Ethereum data.
The paper analyzed the Ethereum blockchain by modeling it as a complex network with accounts as nodes and interactions as links, deriving mathematical characteristics to understand interactions and verify radical changes in blockchain evolution.
In this paper, we analyze the Ethereum blockchain using the complex networks modeling framework. Accounts acting on the blockchain are represented as nodes, while the interactions among these accounts, recorded on the blockchain, are treated as links in the network. Using this representation, it is possible to derive interesting mathematical characteristics that improve the understanding of the actual interactions happening in the blockchain. Not only, by looking at the history of the blockchain, it is possible to verify if radical changes in the blockchain evolution happened.