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    ARTICLE

    Mining Bytecode Features of Smart Contracts to Detect Ponzi Scheme on Blockchain

    Xiajiong Shen1,3, Shuaimin Jiang2,3, Lei Zhang1,2,3,*

    CMES-Computer Modeling in Engineering & Sciences, Vol.127, No.3, pp. 1069-1085, 2021, DOI:10.32604/cmes.2021.015736

    Abstract The emergence of smart contracts has increased the attention of industry and academia to blockchain technology, which is tamper-proofing, decentralized, autonomous, and enables decentralized applications to operate in untrustworthy environments. However, these features of this technology are also easily exploited by unscrupulous individuals, a typical example of which is the Ponzi scheme in Ethereum. The negative effect of unscrupulous individuals writing Ponzi scheme-type smart contracts in Ethereum and then using these contracts to scam large amounts of money has been significant. To solve this problem, we propose a detection model for detecting Ponzi schemes in smart contracts using bytecode. In… More >

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