Locality based approach to improve propagation delay on the Bitcoin peer-to-peer network

Muntadher Fadhil Sallal, Gareth Owenson, Mo Adda

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The delay overhead of transaction verification in Bitcoin, a peer-to-peer electronic currency system, is a complicated issue which makes the system vulnerable to double spend attacks. In this paper, we propose a new approach, that is based on how the clusters are formulated and the nodes define their membership, to improve the transaction propagation delay in the Bitcoin network. In this approach, the locality of connectivity in the Bitcoin network is increased by grouping Bitcoin nodes based on their geographical location. We show, through simulations, that location based-distance better defines clustering structures that optimize the performance of the transaction propagation delay. A key reason behind this improvement is mainly due to the reduction of the communication link cost measured by the distance between nodes. Compared to the existing clustering protocol (BCBSN) that we proposed in our previous work, location based clustering is more effective at reducing the transaction propagation delay.

Original languageEnglish
Title of host publicationProceedings of the IM 2017 - 2017 IFIP/IEEE International Symposium on Integrated Network and Service Management
EditorsProsper Chemouil, Paulo Simoes, Edmundo Madeira, Stefano Secci, Edmundo Monteiro, Luciano Paschoal Gaspary, Carlos Raniery P. dos Santos, Marinos Charalambides
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages556-559
Number of pages4
ISBN (Electronic)978-3-901882-89-0
ISBN (Print)978-1-5090-5658-3
DOIs
Publication statusPublished - 20 Jul 2017
Event2017 IFIP/IEEE Symposium on Integrated Network and Service Management - Lisbon, Portugal, Lisbon, Portugal
Duration: 8 May 201712 May 2017

Conference

Conference2017 IFIP/IEEE Symposium on Integrated Network and Service Management
Abbreviated titleIM
Country/TerritoryPortugal
CityLisbon
Period8/05/1712/05/17

Fingerprint

Dive into the research topics of 'Locality based approach to improve propagation delay on the Bitcoin peer-to-peer network'. Together they form a unique fingerprint.

Cite this