Top Blockchain Rigid Exposes Fresh Way to Expose Criminal Usage Patterns
Mokum — January Four, 2018 — The Bitfury Group, the world’s leading full-service Blockchain technology company, and its world-class global development team today detailed a fresh solution to help expose relationships inbetween bitcoin addresses that minimizes errors ter gegevens and ensures greater accuracy ter linking bitcoin addresses for criminal investigations, while also showcasing bitcoin users ways to protect their privacy.
“Currently, bitcoin users can have numerous addresses, making it lighter to conceal identities and commit crimes on the Blockchain. The capability to verbinding related addresses, called ‘clustering,’ is an significant fresh device that helps law enforcement agencies conduct criminal investigations,” said Valery Vavilov, CEO of The Bitfury Group. “Bitfury’s award-winning engineers have come up with an exceptionally innovative and novel treatment to analyzing transactions on the Bitcoin Blockchain. The Bitcoin Blockchain has the potential to be a strong force for good, and this fresh method will help ensure that it lives up to that potential by aiding investigations and reducing criminal activity.”
“Criminals are increasingly learning the Bitcoin Blockchain is not the place for them. Having a traceable public ledger of every bitcoin transaction everzwijn conducted permits law enforcement to ‘follow the money’ te a way that would never be possible with contant. Criminals should run, not walk, away from bitcoin. And thanks to Bitfury, today they should be running away even swifter,” said Jason Weinstein of Steptoe &, Johnson LLP, a Bitfury strategic advisor and former Deputy Assistant Attorney General te charge of cybercrime at the US Department of Justice.
Bitcoin address clustering is a process that exposes bitcoin users by determining which addresses belong to a single user through an analysis of Blockchain gegevens. The act of clustering groups those addresses together, enabling investigators to verbinding them to a single entity.
Ter a fresh report, Bitfury exposes a comprehensive treatment to clustering that reduces errors te results. While prior algorithms constructed clustering models using Blockchain information and validated it with off-chain gegevens, such spil public information on the Internet, Bitfury’s fresh method uses both gegevens types during the prototype construction step. The proposed treatment permits investigators to reduce errors te unreliable input gegevens sources and achieve a higher level of accuracy.
Tests performed by Bitfury’s technical development team confirm that the fresh treatment produces more accurate results than methods that analyze Blockchain gegevens only. Approaches that are based solely on Blockchain gegevens tend to produce erroneous connections, but combining this gegevens with information from off-chain sources filters out thesis errors.
The paper is the authors’ version of the article that wasgoed introduced December Legitimate, 2018, at the IEEE International Conference on Machine Learning and Applications.
To see the algorithms developed by the Bitfury team, read the total white paper here.
The Bitfury Group is the leading full-service Blockchain technology company and one of the largest private infrastructure providers te the Blockchain ecosystem. Bitfury is a global team of experts ter technology, business, communications, security and civil society. The Bitfury Group develops and produces both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely stir an asset across the Blockchain. The expertise of The Bitfury Group ensures successful, effortless, prompt, secure and cost-effective connectivity to the Blockchain. The Bitfury Group believes the Blockchain can and will open fresh doors for global economic chance and prosperity, and its mission is to create and advance Blockchain applications that will further promote innovation and the advancement of the peer-to-peer economy. Bitfury recently launched Exonum, a custom-made framework that helps individuals, businesses and governments securely and lightly bring their ideas and solutions to life. For more information, visit www.bitfury.com.
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