On the Routing Convergence Delay in the Lightning Network

Gögge, Niklas; Rohrer, Elias; Tschorsch, Florian

doi:10.1007/978-3-031-25734-6_13

Cited by 1 publication

(1 citation statement)

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“…In [71], the authors analyze the relationship between Bitcoin market conditions and the efficiency of the LN, finding that its functioning is not significantly influenced by the underlying cryptocurrency's market performance. Finally, in [72] the authors find that payment attempt failures are more frequent in the LN due to the convergence delay. They analyze the delay's causes and suggest potential improvements to the protocol, including simple parameter changes or a complete protocol overhaul.…”

Section: Performance and Optimizationmentioning

confidence: 94%

A Review of the Lightning Network’s Evolution: Unraveling Its Present State and the Emergence of Disruptive Digital Business Models

Dasaklis,

Malamas

2023

JTAER

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The Lightning Network (LN), a second-layer protocol built on top of the Bitcoin blockchain, is an innovative digital payment solution that offers increased convenience, speed, and cost-effectiveness to consumers and businesses alike. However, there is limited literature available on the characteristics of this nascent technology, the depth and breadth of the various business LN-related applications as well as relevant adoption/implementation challenges. This study aims to contribute to the understanding of the LN’s characteristics, its potential in enhancing business operations and its applicability across different sectors, while taking into account adoption and implementation challenges. We apply a narrative review methodology using a semi-systematic approach to examine new and emerging business models empowered by the LN and its characteristics, topology, performance, privacy and security. We analyze the data to identify key themes and trends in the literature, offering a critical analysis of the strengths and weaknesses of the existing literature. Based on the findings, we provide several clusters of fruitful areas for future research directions. This study not only provides crucial insights for businesses contemplating the adoption of LN to improve their operations and customer experience, but it also represents a substantial academic contribution, offering valuable knowledge and fostering further research in the fields of blockchain technology, FinTech and cryptocurrencies.

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Section: Performance and Optimizationmentioning

confidence: 94%