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XRP Network and Proposal of Flow Index

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  • Hideaki Aoyama

Abstract

XRP is a modern crypto-asset (crypto-currency) developed by Ripple Labs, which has been increasing its financial presence. We study its transaction history available as ledger data. An analysis of its basic statistics, correlations, and network properties are presented. Motivated by the behavior of some nodes with histories of large transactions, we propose a new index: the ``Flow Index.'' The Flow Index is a pair of indices suitable for characterizing transaction frequencies as a source and destination of a node. Using this Flow Index, we study the global structure of the XRP network and construct bow-tie/walnut structure.

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  • Hideaki Aoyama, 2021. "XRP Network and Proposal of Flow Index," Papers 2106.10012, arXiv.org.
    • Handle: RePEc:arx:papers:2106.10012
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    References listed on IDEAS

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    1. Aoyama,Hideaki & Fujiwara,Yoshi & Ikeda,Yuichi & Iyetomi,Hiroshi & Souma,Wataru Preface by-Name:Yoshikawa,Hiroshi, 2010. "Econophysics and Companies," Cambridge Books, Cambridge University Press, number 9780521191494, October.
    2. Yoshi Fujiwara & Rubaiyat Islam, 2021. "Bitcoin's Crypto Flow Network," Papers 2106.11446, arXiv.org, revised Jul 2021.
    3. Abhijit Chakraborty & Yuichi Kichikawa & Takashi Iino & Hiroshi Iyetomi & Hiroyasu Inoue & Yoshi Fujiwara & Hideaki Aoyama, 2018. "Hierarchical communities in the walnut structure of the Japanese production network," PLOS ONE, Public Library of Science, vol. 13(8), pages 1-25, August.
    4. Stephen A. Rhoades, 1993. "The Herfindahl-Hirschman index," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Mar, pages 188-189.
    5. FUJIWARA Yoshi & INOUE Hiroyasu & YAMAGUCHI Takayuki & AOYAMA Hideaki & TANAKA Takuma & KIKUCHI Kentaro, 2021. "Money Flow Network Among Firms' Accounts in a Regional Bank of Japan," Discussion papers 21005, Research Institute of Economy, Trade and Industry (RIETI).
    6. Rubaiyat Islam & Yoshi Fujiwara & Shinya Kawata & Hiwon Yoon, 2019. "Analyzing outliers activity from the time-series transaction pattern of bitcoin blockchain," Evolutionary and Institutional Economics Review, Springer, vol. 16(1), pages 239-257, June.
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    1. Yoshi Fujiwara & Rubaiyat Islam, 2021. "Bitcoin's Crypto Flow Network," Papers 2106.11446, arXiv.org, revised Jul 2021.

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