Thinking Big about Bitcoin Again: Revisiting the Complex Social Network

Search is the procedure by which individual nodes may look for, access, and disperse information. Is the effectiveness of search influenced by network topology? Are different search algorithms better suited to alternative topologies? Can one design the network architecture so that search is optimized?

Mandala Networks

On the whole, each group will behave in the network differently. As we’ve discussed, miners are heavily incentivized to cluster together with other miners. Merchants monitor for double spend attempts and in the hierarchical system we have defined, miners assist merchants with their search attempts. Merchants reach “up” to the miner hierarchy to check the transactions waiting to be confirmed in the mempool. On the whole, each group in the hierarchy knows where they can look to find the information they are looking for. The robustness of the miner hierarchy aides in the search, as does the diffusion of the information across the network.

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