Results 11 to 20 of about 11,046 (258)
A percolation model for the emergence of the Bitcoin Lightning Network. [PDF]
Sci Rep, 2020 AbstractThe Lightning Network is a so-called second-layer technology built on top of the Bitcoin blockchain to provide “off-chain” fast payment channels between users, which means that not all transactions are settled and stored on the main blockchain. In this paper, we model the emergence of the Lightning Network as a (bond) percolation process and we
Bartolucci S, Caccioli F, Vivo P.
europepmc +8 more sources
The Weighted Bitcoin Lightning Network
SSRN Electronic Journal, 2022 ISSN:1873 ...
Lin, Jian-Hong +3 more
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Lightning Network Economics: Channels
SSRN Electronic Journal, 2021 Compared with existing payment systems, Bitcoin’s throughput is low. Designed to address Bitcoin’s scalability challenge, the Lightning Network (LN) is a protocol allowing two parties to secure bitcoin payments and escrow holdings between them. In a lightning channel, each party commits collateral toward future payments to the counterparty and ...
Paolo Guasoni +2 more
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CLoTH: A Lightning Network Simulator
SoftwareX, 2021 Payment-channel networks are one of the most promising solution to the well-known issue of blockchain scalability. In this work we present CLoTH, a simulator of the Lightning Network — the mainstream payment-channel network, used in Bitcoin. CLoTH simulates the execution of payments in a payment-channel network and produces performance measures such as
Marco Conoscenti +2 more
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Lightning Network Economics: Topology
Management Science, 2023 By design, the Bitcoin protocol has a low throughput. The Lightning Network (LN) is a layer-two solution built to increase throughput by cryptographically securing commitments to transactions and only occasionally converting cumulative balances into on-chain transactions. LN channels enable payments between nodes connected by a path of channels.
Paolo Guasoni +2 more
openaire +1 more source
Topological Analysis of Bitcoin’s Lightning Network [PDF]
, 2020 Added some remarks regarding how centralized is ...
István András Seres +3 more
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Location accuracy of long distance VLF lightning locationnetwork [PDF]
Annales Geophysicae, 2004 An experimental VLF WorldWide Lightning Location (WWLL) network is being developed to provide realtime locations of cloud to ground lightning discharges occurring throughout the globe. This network has expanded from a limited number of stations in the
C. J. Rodger +3 more
doaj +1 more source
On the Routing Convergence Delay in the Lightning Network
, 2023 Nodes in the Lightning Network synchronise routing information through a gossip protocol that makes use of a staggered broadcast mechanism. In this work, we show that the convergence delay in the network is larger than what would be expected from the protocol's specification and that payment attempt failures caused by the delay are more frequent, the ...
Niklas Gögge +2 more
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A Composable Security Treatment of the Lightning Network [PDF]
2020 IEEE 33rd Computer Security Foundations Symposium (CSF), 2020 The high latency and low throughput of blockchain protocols constitute one of the fundamental barriers for their wider adoption. Overlay protocols, notably the lightning network, have been touted as the most viable direction for rectifying this in practice.
Aggelos Kiayias +1 more
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Probabilistic Logic Models for the Lightning Network
Cryptography, 2022 The Lightning Network (LN) has emerged as one of the prominent solutions to overcome the biggest limit of blockchain based on PoW: scalability. LN allows for creating a layer on top of an existing blockchain where users can send payments and micro-payments without waiting long confirmation times.
Azzolini D., Riguzzi F.
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