A measurement study of Bitcoin Lightning Network
department or school: Applied Science, Faculty of
department or school: Engineering, School of (Okanagan)
data provider: DSpace
degree campus: UBCO
creator: Guo, Yuwei
issued: 2019-12-18T23:22:44Z
issued: 2019
related degree: Master of Applied Science - MASc
degree grantor: University of British Columbia
description: As a promising method to enable fast and scalable Bitcoin transactions, Bitcoin Lightning Network (LN) has experienced rapid development since the end of 2017. LN utilizes the so-called "payment channels" to provide fast off-chain transactions, thereby offloading on-chain burden and enabling instant payments. With many new protocols proposed to improve the performance of LN, little is known about the current state of the network such as its topology, channel characteristics and application performance. This thesis conducts a measurement study on the performance of LN and provides some guide on improvement.
aggregated CHO: https://circle.library.ubc.ca/rest/handle/2429/72853
note: A Measurement Study of Bitcoin Lightning NetworkbyYuwei GuoB.Eng, Beihang University, 2017A THESIS SUBMITTED IN PARTIAL FULFILLMENTOF THE REQUIREMENTS FOR THE DEGREE OFMASTER OF APPLIED SCIENCEinTHE COLLEGE OF GRADUATE STUDIES(Electrical Engineering)The University of British Columbia(Okanagan)December 2019c© Yuwei Guo, 2019The following individuals certify that they have read, and recommend to the Col-lege of Graduate Studies for acceptance, the thesis entitled:A Measurement Study of Bitcoin Lightning Networksubmitted by Yuwei Guo in partial fulfillment of the requirements of the degree ofMaster of Applied Science.Chen Feng, School of EngineeringSupervisorYang Cao, School of EngineeringSupervisory Committee MemberNarayan Apurva, School of EngineeringSupervisory Committee MemberEric Li, Faculty of ManagementUniversity ExamineriiAbstractAs a promising method to enable fast and scalable Bitcoin transactions, BitcoinLightning Network (LN) has experienced rapid development since the end of 2017.LN utilizes the so-called “payment channels” to provide fast off-chain transactions,thereby offloading on-chain burden and enabling instant payments. With many newprotocols proposed to improve the performance of LN, little is known about thecurrent state of the network such as its topology, channel characteristics and appli-cation performance. This thesis conducts a measurement study on the performanceof LN and provides some guide on improvement.iiiLay SummaryIn this thesis, a systematic measurement on LN was conducted based on the datacollected over a period of fifteen months. This measurement studied the paymentsuccess rate and how the network performs under attack. Payment channels werealso analyzed regarding their functions. This work provides an in-depth under-standing of network mechanisms and helps to explore future implications of LN.ivPrefaceThe work outlined in this thesis was conducted in the School of Engineering atthe University of British Columbia, Okanagan Campus, u…
has type: Thesis/Dissertation
date issued: 2020-02
is shown at: 10.14288/1.0387214
language: eng
degree discipline: Electrical Engineering
provider: Vancouver : University of British Columbia Library
publisher: University of British Columbia
rights: Attribution-NonCommercial-NoDerivatives 4.0 International
rights URI: http://creativecommons.org/licenses/by-nc-nd/4.0/
scholar level: Graduate
type: Text
identifier URI: http://hdl.handle.net/2429/72853