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An Empirical Comparison Of The Security And Performance Characteristics Of Topology Formation Algorithms For Bitcoin Networks, Muntadher Sallal, Ruairí De Fréin, Ali Malik, Benjamin Aziz Sep 2022

An Empirical Comparison Of The Security And Performance Characteristics Of Topology Formation Algorithms For Bitcoin Networks, Muntadher Sallal, Ruairí De Fréin, Ali Malik, Benjamin Aziz

Articles

There is an increasing demand for digital crypto-currencies to be more secure and robust to meet the following business requirements: (1) low transaction fees and (2) the privacy of users. Nowadays, Bitcoin is gaining traction and wide adoption. Many well-known businesses have begun accepting bitcoins as a means of making financial payments. However, the susceptibility of Bitcoin networks to information propagation delay, increases the vulnerability to attack of the Bitcoin network, and decreases its throughput performance. This paper introduces and critically analyses new network clustering methods, named Locality Based Clustering (LBC), Ping Time Based Approach (PTBC), Super Node Based Clustering …