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arXiv · 2205.00869

Topology Analysis of the XRP Ledger

Vytautas Tumas·Sean Rivera·Damien Magoni·Radu State
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Abstract

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.

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Vytautas Tumas, Sean Rivera, Damien Magoni, Radu State. 2022-05-02. Topology Analysis of the XRP Ledger. https://doi.org/10.1145/3555776.3577611

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