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Mass Exit Attacks on the Lightning Network. (arXiv:2208.01908v2 [cs.CR] UPDATED)
Aug. 5, 2022, 1:20 a.m. | Cosimo Sguanci, Anastasios Sidiropoulos
cs.CR updates on arXiv.org arxiv.org
The Lightning Network (LN) has enjoyed rapid growth over recent years, and
has become the most popular scaling solution for the Bitcoin blockchain. The
security of the LN hinges on the ability of the nodes to close a channel by
settling their balances, which requires confirming a transaction on the Bitcoin
blockchain within a pre-agreed time period. This inherent timing restriction
that the LN must satisfy, make it susceptible to attacks that seek to increase
the congestion on the Bitcoin …
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