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Bitcoin UTXO Values Are Heavy-Tailed but not Power-Law Distributed: A Clauset-Shalizi-Newman Test across Eight Snapshots
Power laws are often claimed for Bitcoin quantities from the slope of a log-log plot. We test one such claim with a formal protocol: whether the upper tail of the values of live unspent transaction outputs (UTXOs) follows a power law. We reconstruct the exact UTXO set at eight block heights from 201
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