Empirical Analysis of Lightning Network: Topology, Evolution, and Fees
Author:
Affiliation:

Clc Number:

TP309

Fund Project:

  • Article
  • |
  • Figures
  • |
  • Metrics
  • |
  • Reference
  • |
  • Related
  • |
  • Cited by
  • |
  • Materials
  • |
  • Comments
    Abstract:

    Being one of the most deployed payment channel networks (PCN), the lightning network (LN) has attracted much attention since it was proposed in 2016. The LN is a layer-2 technology addressing the scalability problem of bitcoin. In LN, participants only need to submit layer-1 transactions on the blockchain to open and close the payment channel, and they can issue multiple transactions off-chain. This working mechanism avoids the waste of time on waiting for every transaction to be verified and simultaneously saves transaction fees. However, as the time of LN put in practice is rather short, previous works were based on small volume and rapidly-changing data, which lacks necessary time-effectiveness. To fill in the gap and get a comprehensive understanding of the topology of LN and its evolving trend, this study characterizes both static and dynamic features of LN by leveraging graph analysis based on data of high time- effectiveness updated to July, 2020. A clustering analysis of the nodes is carried out, and some conclusions and insights derived of the clustering results are presented. Moreover, an additional study of the charging mechanism in LN is conducted by comparing the on-chain and off-chain transaction fees.

    Reference
    Related
    Cited by
Get Citation

陈艳姣,朱笑天,于永瑞,程子英.区块链闪电网络实证分析:拓扑、发展和收费策略.软件学报,2022,33(10):3858-3873

Copy
Share
Article Metrics
  • Abstract:
  • PDF:
  • HTML:
  • Cited by:
History
  • Received:December 09,2020
  • Revised:March 15,2021
  • Adopted:
  • Online: August 02,2021
  • Published: October 06,2022
You are the firstVisitors
Copyright: Institute of Software, Chinese Academy of Sciences Beijing ICP No. 05046678-4
Address:4# South Fourth Street, Zhong Guan Cun, Beijing 100190,Postal Code:100190
Phone:010-62562563 Fax:010-62562533 Email:jos@iscas.ac.cn
Technical Support:Beijing Qinyun Technology Development Co., Ltd.

Beijing Public Network Security No. 11040202500063