Estimation of Data Propagation Time on the Bitcoin Network

Abstract

The goal of this research is to estimate the data propagation time on the Bitcoin network. Using network coordinates, we estimate the communication latency between computers. Such latency estimation contributes future optimization of data propagation. In this research, we report an experiment on computing the network coordinates. In the current Bitcoin network, it is very difficult to acquire internode delay because the network topology is not available. In this study, we calculate the delay based on our topology estimation and describe the effectiveness of the network coordinates using various topology estimation parameters.