Nansen Using Machine Learning To Label Ethereum Network Addresses

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NoLimits15

Gold Member

Apr 17, 2020

A data analytics company called Nansen is using advanced machine learning and algorithms to examine the Ethereum blockchain. They are using it to label Ethereum addresses that belong to certain exchanges or projects. With the help of labeling, it's much easier to observe the transfer of funds to different users. 40 million addresses have been labeled so far...

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hibi3454

Platinum Member

Apr 26, 2020

Oh wow this is great news, but labelling definitely does sound like a tedious and difficult task to perform - but this is really good news for crypto industry and marketplace.

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Niftyicon

Sapphire Member

Oct 23, 2020

That is so cool. Does this in any way contribute to being able to pin point the location of a person carrying out a transaction?

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Josemendez

Ruby Member

Oct 24, 2020

NoLimits15 said:
A data analytics company called Nansen is using advanced machine learning and algorithms to examine the Ethereum blockchain. They are using it to label Ethereum addresses that belong to certain exchanges or projects. With the help of labeling, it's much easier to observe the transfer of funds to different users. 40 million addresses have been labeled so far...

I believe this will go a long way in helping to identify the owner of an address that a stolen money was sent to . If they succeeds in labelling all the addresses in the world of crypto , it will be a boost to security of cryptocurrency transaction