More specifically, we search the Ethereum blockchain for contracts whose bytecode (which is always stored on the blockchain) is similar to that of some known Ponzi scheme. We use the normalized Levenshtein distance (NLD) as a measure of similarity between two bytecode files.
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This search resulted in further 55 potential new Ponzi schemes, not included in our original collection of 137 contracts.
It's so awesome that it's possible to do this and that it actually works!
...
This search resulted in further 55 potential new Ponzi schemes, not included in our original collection of 137 contracts.
It's so awesome that it's possible to do this and that it actually works!