BTC onchain analysis (Redis Hackathon)
📰 Dev.to · Andrés Baamonde Lozano
Learn to identify Bitcoin wallets with high transaction rates using on-chain analysis
Action Steps
- Build a Redis database to store Bitcoin transaction data
- Run a chain analysis algorithm to identify wallets with high transaction rates
- Configure a data visualization tool to display the results
- Test the system using a toy example
- Apply the on-chain analysis technique to real-world Bitcoin transaction data
Who Needs to Know This
Developers and data analysts on a blockchain team can benefit from this knowledge to build more efficient wallet tracking systems
Key Insight
💡 On-chain analysis can be used to identify wallets with high transaction rates, which can be useful for tracking and monitoring Bitcoin activity
Share This
📊 Identify Bitcoin wallets with high transaction rates using on-chain analysis! #Bitcoin #Blockchain
Full Article
Locating wallets with high transactions rate vía chain analysis (toy example).
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