A project aimed at measuring the activity level of SPV wallets in the Bitcoin network
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README.md

measurespv

A project aimed at measuring the activity level of SPV wallets in the Bitcoin network

Goals

  • accurately measure the use of SPV wallet in the network
  • calculate the percent of transactions on the network that involve SPV wallets

Why Does It Matter

  • Bitcoin prides itself on being a decentralized network, but the vast majority of users do not run a full node. Instead, they opt for lightweight wallets

    • This leads to more centralization in the network
    • Lightweight wallets might have privacy issues unknown to users
  • Understanding the patterns and habits of the most used wallet type on the network is key to understanding the health of the network

    • Gauging the health of the network is of high importance for a multi-billion dollar market
    • Previous attempts at gauging health are focused on miners and full nodes, little is done to estimate use of SPVs, despite them being the majority in the network

Progress

  • Still in the reasearch phases

Installation

  • git clone https://github.com/Dellvan7/measurespv.git
  • run the command sh compile_from_source.sh

Sources and Related Works