Node Classification and Geographical Analysis of the Lightning Cryptocurrency Network

Abstract

Off-chain networks provide an attractive solution to the scalability challenges faced by cryptocurrencies such as Bitcoin. While first interesting networks are emerging, we currently have relatively limited insights into the structure and distribution of these networks. Such knowledge, however is useful, when reasoning about possible performance improvements or the security of the network. For example, information about the different node types and implementations in the network can help when planning the distribution of critical software updates.