Diane Reynolds: Lightning Network will maintain decentralization
Diane Reynolds has written an article to protect the Lightning Network (LN) as an off-chain, non-decentralized payment solution. The purpose of this article is to respond to Jonald Fyookball and Jstol's Reddit post. When both parts issue a Lightning Network statement that can not be dispersed over long periods for reasons of mathematical arithmetic.
Fyookball's article uses different examples to demonstrate that decentralization can not be demonstrated over time. Diane responds more directly to a challenge by Jstol.
Reynolds critique of Jstol's challenge using simulation.
Reynolds responds to that challenge with a simple answer. In the early part of Reynold's analysis, she mentioned running some ocaml code to simulate in a Lightning Network topology environment with 10 million users. She used the model to create a reminder scenario detailing the appropriate Lightning Network transaction. She also made the search code for the least expensive channel for payment to be accepted.
One of the key arguments for decentralization through the Lightning Network is the notion that there is a lot of cyberspace redundancy that actually decentralizes. Reynolds argues that, as long as nodes can hop between and connect to different nodes, the system will not be able to become centralized.
The rst possibility for boundary edges is to use a binary representation of numbers from 0 to 9,999,999 (requires 24 bits) and include a boundary edge whenever two different bit sequences are equal 1 bit (Hamming graph). All nodes will be accessible with no more than 24 hops and 12 hops. "
Continue analysis
A network is connected to 100 nodes and multiple paths
In his analysis, Reynolds described the state of the network after simulating 400,000 transactions. At this time, Reynolds has navigated through various online transactions to respond to the initial challenge. She determined that there were very few transactions that could not be conrmed online. However, she also said that may be a problem if she continues to perform simulations in the program.
In his analysis, Reynolds described the state of the network after simulating 400,000 transactions. At this time, Reynolds has navigated through various online transactions to respond to the initial challenge. She determined that there were very few transactions that could not be conrmed online. However, she also said that may be a problem if she continues to perform simulations in the program.
Of the 7 million channels used to route nearly 400,000 successful payments, 294508 (4%) have 90% or more on one side of the canal. This is not a problem, as this is only 0.4% of the 70 million channels, but it could become a problem with running longer simulators. "
Not to mention Reynolds's words, that's not the problem. In general, there are some imbalances. Maybe that problem comes from network simulations, but she can not clearly determine what the problem is.
Conclude
Finally, Reynolds has suggested that 10 million users can be maintained on the network in a decentralized way. However, she mentioned that this is not how the Lightning Network can work and that is technically possible. She mentioned that if someone has more powerful computer hardware, they can run simulations with more users and more channels.