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A centrality analysis of the Lightning Network

Author

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

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.

Suggested Citation

  • Zabka, Philipp & Förster, Klaus-T. & Decker, Christian & Schmid, Stefan, 2024. "A centrality analysis of the Lightning Network," Telecommunications Policy, Elsevier, vol. 48(2).
    • Handle: RePEc:eee:telpol:v:48:y:2024:i:2:s0308596123002070
    DOI: 10.1016/j.telpol.2023.102696
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    References listed on IDEAS

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    5. Stefano Martinazzi & Andrea Flori, 2020. "The evolving topology of the Lightning Network: Centralization, efficiency, robustness, synchronization, and anonymity," PLOS ONE, Public Library of Science, vol. 15(1), pages 1-18, January.
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