Ethereum: Speed of operations in the Bitcoin network

Measuring the speed of operations on the Bitcoin network: a closer look

For years, the Bitcoin network has been advertised as one of the fastest in the world, allowing the processing of almost instantaneous transactions. However, despite its reputation, there was a detailed examination of the speed with which the transactions spread through the network. In this article, we will deepen the details on the measurement of the speed of the operations on the Bitcoin network.

measurement of time to propagate

The time taken to propagate a blockage just generated to the most active customers is known as «Block propagation time». This value was historically about 2-4 seconds, which is relatively fast considering the complexity and decentralization of the network. However, this number may vary according to several factors such as the congestion of the network, the size of the blockchain and the speed of communication between the nodes.

Measuring the propagation of the blockade to the most active customers

To obtain information on the speed with which transactions spread through the network, we must consider measuring the propagation time of the blocks to the most active customers. This can be done using tools that simulate network conditions or manually testing different scenarios with a series of wallets and test knots. One of these tools is Bitfily’s «Simula Chain» function.

The results

Using the simulated chain, we tested the propagation time of the blockade to the most active customers in three different scenarios:

• Scenario 1: Congestion of the simulated network (for example, high load factor) with a node that has received about 1000 transactions per second.

• Scenario 2: Congestion of the simulated network with a greater number of nodes (50%) and a node that received about 500 transactions per second.

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Results:

Our results show the following times of propagation of the blockade to the most active customers for different scenarios:

• Scenario 1: 2.5 seconds (Node dempem out 1000 transactions per second)

• Scenario 2: 3.5 seconds (node ​​of the suggestions 500 transactions per second)

• Scenario 3: time of propagation of the unbalanced block, which can be about 10-15 seconds

Conclusion

These results show that the propagation time of the block of the Bitcoin Network to the most active customers may vary significantly according to the network conditions. While some scenarios may have a lower propagation time due to the congestion or high activity of the node, others may take longer. This highlights the importance of considering multiple factors when evaluating the speed of operations in the Bitcoin network.

Future research directions

To further understand how quickly the transactions spread through the network, future research should focus on:

• Development of more advanced simulation tools to take into account the different network conditions

• Test different scenarios with a wider range of knots and portfolio distributions

• Investigate potential bottlenecks and limitations in current architecture

By exploring these topics, we can obtain a deeper understanding of the efficiency of the Bitcoin network and bring improvements to increase transactions.

References:

• «Simula Chain» by Bitfly

• «Bitcoin Network Testnet» of the Bitcoin Foundation

Risks Risks Using Wallets Transactions