Blockchain Layer Zero: Characterizing the Bitcoin Network Through Measurements, Models, and Simulations

Research output: Contribution to book/Conference proceedings/Anthology/ReportConference contributionContributedpeer-review

Contributors

  • Elias Rohrer - (Author)
  • Florian Tschorsch - , Technical University of Berlin (Author)

Abstract

In recent years, research has shown the networking layer's significant influence on the scalability, security, and privacy of blockchain systems. Such large-scale networks however exhibit a degree of complexity that demands model-based simulations as real-world experiments are often not possible. In this work, we methodically characterize blockchain networks by reference to the paradigmatic Bitcoin peer-to-peer network, explore the state-of-the-art protocols, and emphasize this key design space. To this end, we conducted a longitudinal measurement study on the Bitcoin network, from which we extract a comprehensive network model and implement it as part of the bns network simulation framework. We validate the model in comparison to real-world measurements as well as to results from related work. Moreover, we experimentally show how network utilization and miners' geographical location impact the block propagation characteristics.

Details

Original languageEnglish
Title of host publicationProceedings of the 46th IEEE International Conference on Local Computer Networks (LCN~'21)
EditorsLyes Khoukhi, Sharief Oteafy, Eyuphan Bulut
Pages9-16
Number of pages8
ISBN (electronic)9780738124766
Publication statusPublished - Oct 2021
Peer-reviewedYes
Externally publishedYes

External IDs

Scopus 85118424378