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Topology Analysis of the XRP Ledger

XRP Ledger is one of the oldest, well-established blockchains. Despite the popularity of the XRP Ledger, little is known about its underlying peer-to-peer network. The structural properties of a network impact its efficiency, security and robustness. We aim to close the knowledge gap by providing a detailed analysis of the XRP overlay network. In this paper we examine the graph-theoretic properties of the XRP Ledger peer-to-peer network and its temporal characteristics. We crawl the XRP Ledger over two months and collect 1,290 unique network snapshots. We uncover a small group of nodes that act as a networking backbone. In addition, we observe a high network churn, with a third of the nodes changing every five days. Our findings have strong implications for the resilience and safety of the XRP Ledger.

preprint2023arXivOpen access
Vytautas TumasSean RiveraDamien MagoniRadu State
Social and Information NetworksComputational Engineering, Finance, and Science
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Open access4 authors2 topics
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Citations: 0Reviews: 0Saves: 0Code: not linkedDataset: not linkedInstitutions: 0

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Vytautas TumasSean RiveraDamien MagoniRadu State

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