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ORIGINAL RESEARCH article

Front. Blockchain
Sec. Blockchain Economics
Volume 7 - 2024 | doi: 10.3389/fbloc.2024.1455451

Some Regularities of Transaction Statistics of Cryptocurrency Ethereum: Opportunities to Study the Impact of Space Weather on Human Economic Behavior on a Global Scale

Provisionally accepted
Yelizaveta Vitulyova Yelizaveta Vitulyova 1*Inabat Moldakhan Inabat Moldakhan 2Pavel Grigoriev Pavel Grigoriev 3Ibragim Suleimenov Ibragim Suleimenov 1
  • 1 Al-Farabi Kazakh National University, Almaty, Kazakhstan
  • 2 Almaty University of Power Engineering and Telecommunications, Almaty, Kazakhstan
  • 3 Sevastopol State University, Sevastopol, Russia

The final, formatted version of the article will be published soon.

    It is shown that the statistics of transactions of the Ethereum cryptocurrency obeys well-defined patterns. Log dependency ln 𝑁 of the number of users 𝑁 who carried out 𝑛 transactions with the use of Ethereum cryptocurrency during a specific month on ln 𝑛 is a linear one with high accuracy: ln 𝑁 = 𝑏(𝑡) ln 𝑛 + 𝑎(𝑡). Similar statistical patterns are obtained for bitcoin transactions. It has also been established that the behavior of the coefficient 𝑏 appearing in this dependence corresponds with high accuracy to the Bass diffusion model, which describes the dynamics of innovation implementation. It is shown that after the completion of the initial stage of the implementation of the Ethereum and bitcoin cryptocurrencies (since the beginning of 2018), the values of the coefficients a and b are approaching constants. On this basis, a method is proposed for identifying space weather factors on the economic behavior of the human population. In particular, it is shown that the analysis of the cross-correlation between the ratio 𝑎 𝑏 for the Ethereum cryptocurrency and the Ap-index of geomagnetic activity gives an example of additional tools allowing to reveal the influence of space weather factors on the economic behavior of people on a global scale.

    Keywords: Space weather, Ethereum cryptocurrency, Blockchain, statistical distribution, Transac-tions, Noosphere

    Received: 26 Jun 2024; Accepted: 11 Nov 2024.

    Copyright: © 2024 Vitulyova, Moldakhan, Grigoriev and Suleimenov. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Yelizaveta Vitulyova, Al-Farabi Kazakh National University, Almaty, Kazakhstan

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.