Difference between revisions of "Small World Network"
| Line 1: | Line 1: | ||
Despite there being a prevalent common narrative that [[The Bitcoin Network]] forms into mesh structure, the economic incentives of mining drive node operators to form what is called a "Small World Network". | Despite there being a prevalent common narrative that [[The Bitcoin Network]] forms into mesh structure, the economic incentives of mining drive node operators to form what is called a "Small World Network". | ||
| − | This happens over time as miners learn the network topology over time and optimise it to create more efficient communication between nodes. Over time this memory function leads to nodes forming what is known as a "giant node". This giant node becomes more and more densely connected over time, trending towards a [[Nearly Complete Graph]] | + | This happens over time as miners learn the network topology over time and optimise it to create more efficient communication between nodes. Over time this memory function leads to nodes forming what is known as a "giant node". This giant node becomes more and more densely connected over time, trending towards a [[Nearly Complete Graph]]. The giant node forms the center of a [[Mandala Network]] that connects all peers on the Bitcoin network. |
A video representation of the Bitcoin network forming a highly connected mesh can be downloaded [file: here] | A video representation of the Bitcoin network forming a highly connected mesh can be downloaded [file: here] | ||
Revision as of 07:26, 21 January 2020
Despite there being a prevalent common narrative that The Bitcoin Network forms into mesh structure, the economic incentives of mining drive node operators to form what is called a "Small World Network".
This happens over time as miners learn the network topology over time and optimise it to create more efficient communication between nodes. Over time this memory function leads to nodes forming what is known as a "giant node". This giant node becomes more and more densely connected over time, trending towards a Nearly Complete Graph. The giant node forms the center of a Mandala Network that connects all peers on the Bitcoin network.
A video representation of the Bitcoin network forming a highly connected mesh can be downloaded [file: here]