Strategic Latency Reduction in Blockchain Peer-to-Peer Networks. (arXiv:2205.06837v2 [cs.CR] UPDATED)

Most permissionless blockchain networks run on peer-to-peer (P2P) networks,
which offer flexibility and decentralization at the expense of performance
(e.g., network latency). Historically, this tradeoff has not been a bottleneck
for most blockchains. However, an emerging host of blockchain-based
applications (e.g., decentralized finance) are increasingly sensitive to
latency; users who can reduce their network latency relative to other users can
accrue (sometimes significant) financial gains. In this work, we initiate the
study of strategic latency reduction in blockchain P2P networks. …

blockchain latency networks peer-to-peer