LAUSR

Orphan transactions are those whose parental income sources are missing at the time that they are processed. These transactions typically languish in a local buffer until they are evicted or all their parents are discovered, at which point they may be propagated further. To date, there has been little work in the literature on characterizing the nature and impact of such orphans, and yet it is intuitive that they should affect the performance of the Bitcoin network. This work thus seeks to methodically research such effects through a measurement campaign on live Bitcoin nodes. Our data show that about 45% of orphan transactions end up being included in the blockchain. Surprisingly, orphan transactions tend to have fewer parents on average than non-orphan transactions, and their missing parents have a lower fee, larger size, and lower transaction fee per byte than all other received transactions. Moreover, the network overhead incurred by these orphan transactions can be significant, exceeding 17% when using the default orphan memory pool size (i.e., 100 transactions), although this overhead can be made negligible, without significant computational or memory demands, if the pool size is simply increased to 1000 transactions. Finally, we show that when a node with an empty mempool first joins the network, 25% of the transactions that it receives become orphan, whereas in steady-state this quantity drops to about 1%.