Improving Bitcoin Transaction Propagation by Leveraging Unreachable Nodes

10/28/2020
by   Federico Franzoni, et al.
0

The Bitcoin P2P network is at the core of all communications between clients. The reachable part of this network has been explored and analyzed by numerous studies. Unreachable nodes, however, are, in most part, overlooked. Nonetheless, they are a relevant part of the network and play an essential role in the propagation of messages. In this paper, we focus on transaction propagation and show that increasing the participation of unreachable nodes can potentially improve the robustness and efficiency of the network. In order to do that, we propose a few changes to the network protocol. Additionally, we design a novel transaction propagation protocol that explicitly involves unreachable nodes to provide better protection against deanonymization attacks. Our solutions are simple to implement and can effectively bring immediate benefits to the Bitcoin network.

READ FULL TEXT

page 1

page 2

page 3

page 4

research
03/17/2018

Improving Bitcoin's Resilience to Churn

Efficient and reliable block propagation on the Bitcoin network is vital...
research
09/01/2021

Clover: an Anonymous Transaction Relay Protocol for the Bitcoin P2P Network

The Bitcoin P2P network currently represents a reference benchmark for m...
research
05/25/2019

Bandwidth-Efficient Transaction Relay for Bitcoin

Bitcoin is a top-ranked cryptocurrency that has experienced huge growth ...
research
02/10/2019

Exploring Spatial, Temporal, and Logical Attacks on the Bitcoin Network

In this paper, we explore the partitioning attacks on the Bitcoin networ...
research
07/06/2020

GossipSub: Attack-Resilient Message Propagation in the Filecoin and ETH2.0 Networks

Permissionless blockchain environments necessitate the use of a fast and...
research
10/29/2019

Analyzing Hack Subnetworks in the Bitcoin Transaction Graph

Hacks are one of the most damaging types of cryptocurrency related crime...
research
07/01/2020

Cross-Layer Deanonymization Methods in the Lightning Protocol

Payment channel networks (PCNs) have emerged as a promising alternative ...

Please sign up or login with your details

Forgot password? Click here to reset