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A Centrality Analysis of the Lightning Network

  • Paper
  • Jan 19, 2022
  • #Bitcoin #LightningNetwork
Philipp Zabka
@PhilippZabka
(Author)
arxiv.org
Read on arxiv.org
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1 Mention
Payment channel networks (PCNs) such as the Lightning Network offer an appealing solution to the scalability problem faced by many cryptocurrencies operating on a blockchain such as... Show More

Payment channel networks (PCNs) such as the Lightning
Network offer an appealing solution to the scalability problem faced by many cryptocurrencies operating on a blockchain such as Bitcoin. However, PCNs also inherit the stringent dependability requirements of blockchain. In particular, in order to mitigate liquidity bottlenecks as well as on-path attacks, it is important that payment channel networks maintain a high degree of decentralization.

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Shinobi @Shinobi · Jan 29, 2022
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Another good paper on these issues: [link] Reality is in order to have privacy this dynamic needs to be accepted and protocol improvements implemented to mitigate the privacy consequences such centralization will have.
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