Title
A Quantitative Analysis of the Impact of Arbitrary Blockchain Content on Bitcoin.
Abstract
Blockchains primarily enable credible accounting of digital events, e.g., money transfers in cryptocurrencies. However, beyond this original purpose, blockchains also irrevocably record arbitrary data, ranging from short messages to pictures. This does not come without risk for users as each participant has to locally replicate the complete blockchain, particularly including potentially harmful content. We provide the first systematic analysis of the benefits and threats of arbitrary blockchain content. Our analysis shows that certain content, e.g., illegal pornography, can render the mere possession of a blockchain illegal. Based on these insights, we conduct a thorough quantitative and qualitative analysis of unintended content on Bitcoin's blockchain. Although most data originates from benign extensions to Bitcoin's protocol, our analysis reveals more than 1600 files on the blockchain, over 99% of which are texts or images. Among these files there is clearly objectionable content such as links to child pornography, which is distributed to all Bitcoin participants. With our analysis, we thus highlight the importance for future blockchain designs to address the possibility of unintended data insertion and protect blockchain users accordingly.
Year
DOI
Venue
2018
10.1007/978-3-662-58387-6_23
Lecture Notes in Computer Science
DocType
Volume
ISSN
Conference
10957
0302-9743
Citations 
PageRank 
References 
6
0.58
0
Authors
7
Name
Order
Citations
PageRank
Roman Matzutt1497.53
Jens Hiller29011.91
Martin Henze329524.86
Jan Henrik Ziegeldorf418011.44
Dirk Müllmann560.58
Oliver Hohlfeld626331.91
Klaus Wehrle71062105.97