A Cryptocurrency Anomaly Detection Method and Its Applications

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Overview

This invention presents a Transformer-based deep learning model for detecting abnormal transactions in blockchain-based cryptocurrencies. By capturing expressive behavioral patterns and sequential dependencies, the model achieves higher accuracy compared to traditional methods.


Key Components

1. Methodology

Step 1: Data Sampling & Preprocessing

Step 2: Model Training

2. Technical Advantages

Transformer Architecture:

Feature Selection:

Preprocessing Innovation:


Implementation Workflow

Phase 1: Data Collection

Phase 2: Model Deployment

👉 Explore Transformer Applications in Crypto


FAQs

Q1: Why use Transformers over RNNs?

A: Transformers handle long sequences more efficiently and avoid gradient issues common in RNNs.

Q2: How is data imbalance addressed?

A: Multiple sampling ratios (e.g., 100:1) are tested to optimize model performance.

Q3: Which transaction attributes matter most?

A: Value, gas fields, and addresses are critical; hash data is ignored.


Conclusion

This method leverages deep learning to improve cryptocurrency transaction monitoring, offering scalability and precision for fraud detection.

👉 Learn More About Blockchain Security


### Keywords:  
1. Cryptocurrency  
2. Anomaly Detection  
3. Transformer Model  
4. Blockchain  
5. Gas Attributes  
6. Sequential Data  
7. Fraud Prevention