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Digital Currency Network Centrality Measure (DCNC): A New Centrality Measure for Cryptocurrency Datasets

by Syed Ur Rehman, Ubaida Fatima
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 186 - Number 67
Year of Publication: 2025
Authors: Syed Ur Rehman, Ubaida Fatima
10.5120/ijca2025924486

Syed Ur Rehman, Ubaida Fatima . Digital Currency Network Centrality Measure (DCNC): A New Centrality Measure for Cryptocurrency Datasets. International Journal of Computer Applications. 186, 67 ( Feb 2025), 41-46. DOI=10.5120/ijca2025924486

@article{ 10.5120/ijca2025924486,
author = { Syed Ur Rehman, Ubaida Fatima },
title = { Digital Currency Network Centrality Measure (DCNC): A New Centrality Measure for Cryptocurrency Datasets },
journal = { International Journal of Computer Applications },
issue_date = { Feb 2025 },
volume = { 186 },
number = { 67 },
month = { Feb },
year = { 2025 },
issn = { 0975-8887 },
pages = { 41-46 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume186/number67/digital-currency-network-centrality-measure-dcnc-a-new-centrality-measure-for-cryptocurrency-datasets/ },
doi = { 10.5120/ijca2025924486 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2025-02-25T22:58:01.908342+05:30
%A Syed Ur Rehman
%A Ubaida Fatima
%T Digital Currency Network Centrality Measure (DCNC): A New Centrality Measure for Cryptocurrency Datasets
%J International Journal of Computer Applications
%@ 0975-8887
%V 186
%N 67
%P 41-46
%D 2025
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Digital currency transaction graphs can be analyzed through Social Network analysis (SNA) techniques to understand complex networks. The importance of nodes was determined through many popular centrality measures including Degree centrality (DC), eigenvector centrality (EVC), betweenness centrality (BC) and closeness centrality (CC).A Novel centrality metrics: Digital currency network centrality measures(DCNC), which is especially conceptualized and designed to measure the importance of nodes based on their involvement in digital currency transactions networks. By Pearson's correlation coefficient (r), DCNC is correlates with standard centrality measures, a strong positive correlation is observed confirming that DCNC accurately correlates with standard metrics and giving more information about digital currencies networks. Results are validate by three real life datasets and two small graphs.

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Index Terms

Computer Science
Information Sciences
Cryptocurrency
Social network analysis (SNA)
Centrality Measures
Real-life Datasets

Keywords

Graph theory Complex Networks Digital Currency