Proceedings of the 4th International Conference on Informatics, Technology and Engineering 2023 (InCITE 2023)

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Implementation of Recency, Frequency, and Monetary Patterns in Adaptive Blockchain-Based Transactions

Authors
Daniel Soesanto1, Igi Ardiyanto2, Teguh Bharata Adji2, 1, *
1University of Surabaya, Surabaya, Indonesia
2Gadjah Mada University, Yogyakarta, Indonesia
*Corresponding author. Email: adji@ugm.ac.id
Corresponding Author
Teguh Bharata Adji
Available Online 19 November 2023.
DOI
10.2991/978-94-6463-288-0_39How to use a DOI?
Keywords
RFM; Blockchain; Adaptive; Proof of Work
Abstract

The development of cryptocurrency cannot be separated from the development of blockchain technology. However, problems arise related to the scalability of the blockchain itself. The long duration of the consensus process means that the scalability of the blockchain cannot increase. Various methods have been developed to overcome this consensus problem. One of the highlights is developing an adaptive consensus. But for adaptive consensus, clustering of blockchain transaction data is required. The Recency Frequency Monetary approach can be used for blockchain transaction clustering but with various adjustments. This research aims to implement Recency Frequency Monetary on blockchain transactions. The results of this study indicate that clustering can be carried out using adjusted Recency Frequency Monetary weighting for blockchain transaction data.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th International Conference on Informatics, Technology and Engineering 2023 (InCITE 2023)
Series
Atlantis Highlights in Engineering
Publication Date
19 November 2023
ISBN
978-94-6463-288-0
ISSN
2589-4943
DOI
10.2991/978-94-6463-288-0_39How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Daniel Soesanto
AU  - Igi Ardiyanto
AU  - Teguh Bharata Adji
PY  - 2023
DA  - 2023/11/19
TI  - Implementation of Recency, Frequency, and Monetary Patterns in Adaptive Blockchain-Based Transactions
BT  - Proceedings of the 4th International Conference on Informatics, Technology and Engineering 2023 (InCITE 2023)
PB  - Atlantis Press
SP  - 470
EP  - 485
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-288-0_39
DO  - 10.2991/978-94-6463-288-0_39
ID  - Soesanto2023
ER  -