Big data analyst and Forbes contributor Thomas Silkjær is dissecting the XRP Ledger to uncover new details on what’s happening behind the scenes.
By applying Google’s PageRank algorithm, which is traditionally used to rank websites by popularity, Silkjær has created a look at what he calls the “most important” XRP accounts in 2016, 2017 and 2018. The list shows the rapid rise of the powerhouse crypto exchange Binance. XRP addresses owned by the exchange first appeared in 2017 and soared to the top of the list in 2018.
Using Google’s BigQuery, which is designed to analyze massively large sets of data, Silkjær has also created a number of artistic outlines of the XRP Ledger, including this chart that highlights the most active addresses.
Silkjær has also uncovered some of the biggest XRP scams on Twitter.
Thieves are notorious for creating profiles on the social media platform that imitate leading figures in the world of cryptocurrency, and pretending to give away Ethereum and other coins. The cyber thieves tell unsuspecting victims to send them a small amount of crypto and promise to send a larger amount in return, which never happens.
By following the trail, Silkjær tracked where the stolen XRP went and identified which crypto exchanges the thieves used to cash out.
Of the ~200K XRP that has been sent to the giveaway scams, I have been able to follow 150K directly to exchanges where they have either been cashed out or traded further.
— Thomas Silkjær (@Silkjaer) January 20, 2019
According to Silkjær, 13,000 XRP ended up on Binance, 25,000 XRP landed on Kraken, 21,000 XRP went to Cryptonator and 83,000 XRP made its way to ALFAcashier.
Follow us on Facebook Join us on Telegram Follow us on Twitter
