Topology analysis of the Ripple transaction network

IF 1.5 4区计算机科学 Q3 COMPUTER SCIENCE, INFORMATION SYSTEMS

International Journal of Network Management Pub Date : 2023-11-06 DOI:10.1002/nem.2253

Anan Jin, Yuhang Ye, Brian Lee, Yuansong Qiao

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引用次数: 0

Abstract

The Ripple network is one typical blockchain-based decentralized credit network, which supports money transfer without physical money movement by only transferring the credits between participants. It is critical to obtain a deep understanding on the characteristics of the payment networks while optimizing the network design and transaction routing. This paper presents a comprehensive analysis to the Ripple transaction network, including two subnets formed by the two key functionalities, that is, Ripple Direct Payment Network (RDPN) and Ripple Credit Payment Network (RCPN). The analysis is performed with different network metrics, including clustering coefficient, centrality, and so on. Furthermore, this paper provides an in-depth analysis on the node degrees and edge weights, which reflect the number of transacted accounts of an account and the number of transactions between two accounts. The results show that the network is highly imbalanced and concentrated with a few nodes and edges holding most of the resources. Moreover, RDPN and RCPN show different characteristics in terms of transmitted and received transactions, the senders are more concentrated in RDPN, whereas in RCPN, the receivers are more concentrated.

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瑞波交易网络拓扑分析

Ripple 网络是一个典型的基于区块链的去中心化信用网络，它只在参与者之间转移信用，无需实物货币流动即可支持资金转移。在优化网络设计和交易路由的同时，深入了解支付网络的特性至关重要。本文全面分析了瑞波交易网络，包括由两个关键功能形成的两个子网，即瑞波直接支付网络（RDPN）和瑞波信用支付网络（RCPN）。分析采用了不同的网络指标，包括聚类系数、中心度等。此外，本文还深入分析了节点度和边权重，它们反映了一个账户的交易账户数和两个账户之间的交易数量。结果表明，网络高度不平衡且集中，少数节点和边掌握了大部分资源。此外，RDPN 和 RCPN 在发送和接收交易方面表现出不同的特点，在 RDPN 中，发送方更为集中，而在 RCPN 中，接收方更为集中。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Network Management COMPUTER SCIENCE, INFORMATION SYSTEMS-TELECOMMUNICATIONS

CiteScore

5.10

自引率

6.70%

发文量

审稿时长

>12 weeks

期刊介绍： Modern computer networks and communication systems are increasing in size, scope, and heterogeneity. The promise of a single end-to-end technology has not been realized and likely never will occur. The decreasing cost of bandwidth is increasing the possible applications of computer networks and communication systems to entirely new domains. Problems in integrating heterogeneous wired and wireless technologies, ensuring security and quality of service, and reliably operating large-scale systems including the inclusion of cloud computing have all emerged as important topics. The one constant is the need for network management. Challenges in network management have never been greater than they are today. The International Journal of Network Management is the forum for researchers, developers, and practitioners in network management to present their work to an international audience. The journal is dedicated to the dissemination of information, which will enable improved management, operation, and maintenance of computer networks and communication systems. The journal is peer reviewed and publishes original papers (both theoretical and experimental) by leading researchers, practitioners, and consultants from universities, research laboratories, and companies around the world. Issues with thematic or guest-edited special topics typically occur several times per year. Topic areas for the journal are largely defined by the taxonomy for network and service management developed by IFIP WG6.6, together with IEEE-CNOM, the IRTF-NMRG and the Emanics Network of Excellence.