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whiteyhat / Lightning-Network-Simulator

Lightning Network Simulator
MIT License
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Research the problem to find a solution #30

Closed whiteyhat closed 5 years ago

whiteyhat commented 5 years ago

Problem

Bitcoin is an open-sourced peer-to-peer electronic cash system. The maximum transaction capacity is 7 transactions per second on its best-case scenario. This is a relatively low number in comparison with the current transaction processing from commercial standards such as visa, performing 24 000 transactions per second.

Solution

The lightning network protocol emerges as a solution to overcome this problem. The protocol is a second layer protocol to leverage the power of blockchains currencies like Bitcoin. The architecture of the protocol is composed of bidirectional payment channels to allow the creation of microtransactions within the bitcoin network while being off-chain.

whiteyhat commented 5 years ago

Lightning Network Simulator is a simulation of the lightning network to showcase the current challenges on the routing mechanisms and address solutions to improve it. As part of the research involved, a qualitative and behavioural analysis of the network topology is performed by simulating different scenarios of the lightning network.

Lightning Network Simulation is a desktop application. This simulation tool enables to run simulations of the Lightning Network Protocol or any payment channel network with a similar architecture.

There is more available information accessible in the wiki.