Ethna: Analyzing the Underlying Peer-to-Peer Network of the Ethereum Blockchain

Abstract: The peer-to-peer (P2P) network of blockchain used to transport its transactions and blocks has a high impact on the efficiency and security of the system. The P2P network topologies of popular blockchains such as Bitcoin and Ethereum, therefore, deserve our highest attention. The current Ethereum blockchain explorers (e.g., Etherscan) focus on the tracking of block and transaction records but omit the characterization of the underlying P2P network. This work presents the Ethereum Network Analyzer (Ethna), a tool that probes and analyzes the P2P network of the Ethereum blockchain. Unlike Bitcoin that adopts an unstructured P2P network, Ethereum relies on the Kademlia DHT to manage its P2P network. Therefore, the existing analytical methods for Bitcoin-like P2P networks are not applicable to Ethereum. Ethna implements a novel method that accurately measures the degrees of Ethereum nodes. Furthermore, it incorporates an algorithm that derives the latency metrics of message propagation in the Ethereum P2P network. We ran Ethna on the Ethereum Mainnet and conducted extensive experiments to analyze the topological features of its P2P network. Our analysis shows that the Ethereum P2P network possesses a certain effect of small-world networks, and the degrees of nodes follow a power-law distribution that characterizes scale-free networks.