A Probabilistic Logic Model of Lightning Network

One of the main limitations of blockchain systems based on Proof of Work is scalability, making them unsuitable for e-commerce and small payments. Currently, one of the principal directions to overcome the scalability issue is to use the so-called “layer two” solutions, like Lightning Network, where users can open channels and send payments through them. In this paper, we propose a Probabilistic Logic model of Lightning Network, and we show how it can be adopted to compute several properties of it. We conduct some experiments to prove the applicability of the model, rather than providing a comprehensive analysis of the network.