Parallel Computing Based Bitcoin Currency System Analysis Approach

Abstract

With the rise and extensive usage of Bit coin, a peer-to-peer electronic cash system beginning at 2008, the number of transactions is growing. In order to analyze the activity in this currency system, we present a parallel analysis approach for meeting the need of building the transaction graph of this financial system. In order to test the performance and the realistic possibility of our approach, we implemented our approach and conducted some comparing to test the performance of our system. Through the experiment, we confirmed that this method is highly efficient and reliable compared with the traditional method.