A centrality analysis of the Lightning Network

Philipp Zabka, Klaus-T. Förster, Christian Decker and Stefan Schmid

Telecommunications Policy, 2024, vol. 48, issue 2

Abstract: Blockchain technology has a huge impact on our digital society by enabling a more decentralized economy and policy making. This decentralization is also pivotal in payment Payment channel networks (PCNs), including the Lightning Network, have emerged as a promising solution to the scalability challenges that many blockchain-based cryptocurrencies, like Bitcoin, grapple with. These PCNs, while innovative, also inherit the rigorous dependability demands of the blockchain. A pivotal aspect of this dependability is the need for a high degree of decentralization, essential for mitigating liquidity bottlenecks and on-path attacks.

Keywords: Lightning Network; Betweenness centrality; Gini coefficient; Historic analysis (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1016/j.telpol.2023.102696

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