XRP Network and Proposal of Flow Index
15 Pages Posted: 30 Jun 2021
Date Written: May 17, 2021
XRP is a modern crypto-asset (crypto-currency) developed by Ripple Labs, which has been increasing its financial presence. We study its transaction history available as ledger data. An analysis of its basic statistics, correlations, and network properties are presented. Motivated by the behavior of some nodes with histories of large transactions, we propose a new index: the ``Flow Index.'' The Flow Index is a pair of indices suitable for characterizing transaction frequencies as a source and destination of a node. Using this Flow Index, we study the global structure of the XRP network and construct bow-tie/walnut structure.
Keywords: Power distribution, Ripple Labs., Ledger data, bow-tie/walnut structure
JEL Classification: D85, G10, P45
Suggested Citation: Suggested Citation