Monero Peer-to-peer Network Topology Analysis

Abstract

Monero, a privacy-focused cryptocurrency, employs a decentralized peer-to-peer (P2P) network that plays a critical role in transaction propagation and consensus formation. While much research has explored Monero's privacy transaction mechanisms, its underlying P2P network architecture has remained relatively underexplored. In this study, building on our recent work on Monero network detection, we further investigate the network topology of Monero's P2P structure, which has evolved following recent protocol updates that enhanced security by obscuring peer information. Using k-core decomposition, we confirm that the Monero network exhibits a core-periphery structure, where a tightly interconnected core of supernodes is crucial for maintaining network cohesion, while peripheral nodes rely on these core nodes for connectivity. This structure explains why targeting central nodes does not easily lead to the rapid disintegration of the network's largest connected component while also providing a deeper understanding of the true architecture of Monero's peer protocol.