Ripple Protocol performance improvement: Small world theory applied to cross border payments

In the context of faster and cheaper international money transfers, this paper makes an analysis of the Ripple Protocol Consensus Algorithm (RPCA) and provides an improved algorithm that takes advantage of the network topology when it holds several sub-networks with poor connections between them. RP...

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Detalles Bibliográficos
Autores principales: D’Agostino, Sebastián Facundo, Timpanaro, Juan Pablo
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2018
Materias:
Ciencias Informáticas
Distributed Systems
Simulation
ripple protocol consensus algorithm
international money transfer
peer-to-peer networks
blockchain
bron-kerbosch algorithms
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/70884
http://47jaiio.sadio.org.ar/sites/default/files/ASSE-13.pdf
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-70884
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Informáticas
Distributed Systems
Simulation
ripple protocol consensus algorithm
international money transfer
peer-to-peer networks
blockchain
bron-kerbosch algorithms
spellingShingle Ciencias Informáticas
Distributed Systems
Simulation
ripple protocol consensus algorithm
international money transfer
peer-to-peer networks
blockchain
bron-kerbosch algorithms
D’Agostino, Sebastián Facundo
Timpanaro, Juan Pablo
Ripple Protocol performance improvement: Small world theory applied to cross border payments
topic_facet Ciencias Informáticas
Distributed Systems
Simulation
ripple protocol consensus algorithm
international money transfer
peer-to-peer networks
blockchain
bron-kerbosch algorithms
description In the context of faster and cheaper international money transfers, this paper makes an analysis of the Ripple Protocol Consensus Algorithm (RPCA) and provides an improved algorithm that takes advantage of the network topology when it holds several sub-networks with poor connections between them. RPCA reaches consensus based on a trusted list of nodes, which this paper theorizes to fit the small world concept from social networks. Network nodes are analyzed statically in order to add new nodes to interconnect clusters. The method used to measure the improvement is through simulation and calculated the algorithm response time with and without the added nodes. This paper achieves a performance improvement between 23 ms and 457 ms for networks of between 50 and 2000 nodes. In the context of high frequency trading, a small milliseconds improvement makes the difference for a transaction to be accepted or not.
format Objeto de conferencia
Objeto de conferencia
author D’Agostino, Sebastián Facundo
Timpanaro, Juan Pablo
author_facet D’Agostino, Sebastián Facundo
Timpanaro, Juan Pablo
author_sort D’Agostino, Sebastián Facundo
title Ripple Protocol performance improvement: Small world theory applied to cross border payments
title_short Ripple Protocol performance improvement: Small world theory applied to cross border payments
title_full Ripple Protocol performance improvement: Small world theory applied to cross border payments
title_fullStr Ripple Protocol performance improvement: Small world theory applied to cross border payments
title_full_unstemmed Ripple Protocol performance improvement: Small world theory applied to cross border payments
title_sort ripple protocol performance improvement: small world theory applied to cross border payments
publishDate 2018
url http://sedici.unlp.edu.ar/handle/10915/70884
http://47jaiio.sadio.org.ar/sites/default/files/ASSE-13.pdf
work_keys_str_mv AT dagostinosebastianfacundo rippleprotocolperformanceimprovementsmallworldtheoryappliedtocrossborderpayments
AT timpanarojuanpablo rippleprotocolperformanceimprovementsmallworldtheoryappliedtocrossborderpayments
bdutipo_str Repositorios
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