Sindura Saraswathi
PhD Student
Department of Computer Science
University of Central Florida
Bitcoin & Lightning Network Researcher
Hi, I am a PhD student in Computer Science at the University of Central Florida, advised by Dr. Christian Kümmerle . My research lies at the intersection of network optimization, routing, and distributed payment systems. I am broadly interested in designing scalable algorithms for routing and resource allocation in large networks, particularly when link capacities or other network states are uncertain or only partially observable.
On the network optimization side, I work on fixed-charge and minimum-cost network flow, multi-path routing, nonconvex optimization, and scalable numerical methods. My research explores how combinatorial routing and link-activation decisions can be handled using continuous optimization techniques such as iteratively reweighted least squares, semismooth Newton methods, and graph-Laplacian solvers. I am especially interested in applying these ideas to large-scale routing, traffic allocation, and network decision-making problems under uncertainty.
Bitcoin and the Lightning Network are a major application area of this work. I study Lightning pathfinding and multi-part payments, where a sender must choose routes and allocate traffic without knowing the exact liquidity available on each channel. This provides a practical setting for studying reliability-aware routing, uncertain network capacity, and cost-efficient multi-path allocation. I also work on Bitcoin custody and threshold-signature design, with the broader goal of making non-custodial Bitcoin systems more reliable, scalable, and usable.
More broadly, I am interested in problems where optimization, networking, and real-world systems meet: developing algorithms that are mathematically principled, computationally scalable, and useful in deployed networks. I am always happy to connect with researchers and practitioners working on network optimization, routing, Bitcoin, Lightning, or related systems problems.
Research
Interests
- Bitcoin
- Lightning Network
- Non-Convex Optimization
In-progress
I am currently working on,
- Developing a new algorithm for Multi-Part Payments (MPP) within the LN
- Implementing strategies to mitigate channel liquidity uncertainty in the LN
Publications
Sindura Saraswathi, Christian Kümmerle. An Exposition of Pathfinding Strategies Within Lightning Network Clients.
Accepted at IEEE ICBC 2025.
arXiv IEEE Xplore Cite Code
Citation Information
Title:An Exposition of Pathfinding Strategies Within Lightning Network Clients
Authors:Sindura Saraswathi, Christian Kümmerle
Journal/Conference:IEEE International Conference on Blockchain and Cryptocurrency (ICBC)
Year:2025
BibTeX
@INPROCEEDINGS{11114515, author={Saraswathi, Sindura and Kümmerle, Christian}, booktitle={2025 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)}, title={An Exposition of Pathfinding Strategies Within Lightning Network Clients}, year={2025}, volume={}, number={}, pages={1-17}, keywords={Measurement;Shortest path problem;Costs;Scalability;Lightning;Routing;Reliability engineering;Cost function;Peer-to-peer computing;Standards;Payment Channel Network;Lightning Network;Pathfinding Strategies;Bitcoin}, doi={10.1109/ICBC64466.2025.11114515}}
Citation Information
Title:Optimal Threshold Signatures in Bitcoin
Authors:Korok Ray, Sindura Saraswathi
Journal/Conference:arXiv preprint arXiv:2509.25408
Year:2025
BibTeX
@article{ray2025optimal, title={Optimal Threshold Signatures in Bitcoin}, author={Ray, Korok and Saraswathi, Sindura}, journal={arXiv preprint arXiv:2509.25408}, year={2025} }
Citation Information
Title: Support Discovery With Iteratively Reweighted Least Squares for Fixed-Charge Network Flow
Authors: Sindura Saraswathi, Christian Kümmerle
Journal/Conference: arXiv preprint arXiv:2609.09295
Year: 2026
BibTeX
@article{saraswathi2026support,
title={Support Discovery With Iteratively Reweighted Least Squares for Fixed-Charge Network Flow},
author={Saraswathi, Sindura and Kümmerle, Christian},
journal={arXiv preprint arXiv:2609.09295},
year={2026}
}
Industry Experience
LX Research Labs
Research Consultant Intern (June 2024 - August 2024), San Jose, USA
Conducted comprehensive Bitcoin L2 risk reviews, contributing to Bitcoin Layers' analysis. Researched and evaluated covenant-enabling opcodes (CTV, LNHANCE) and other opcodes (CAT, ZKP, CSFS) to analyze risks and use cases, supporting informed protocol development.
Academic Experience
University of Central Florida
Graduate Research Assistant (August 2025 - Present)
Studying Fixed-charge Network Flow Problem, non-convex optimization, Iteratively Reweighted Least Square algorithms
Developing novel algorithm for Multi-Path Pathfinding in the Lighting Network.
University of North Carolina at Charlotte
Graduate Research Assistant (January 2025 - June 2025)
Studied Multi-Path Pathfinding in the Lightning Network.
Graduate Teaching Assistant (August 2024 - December 2024)
Teaching assistant for the course "Bitcoin: Programming the Future of Money - ITCS 4010/5010".
Graduate Research Assistant (January 2024 - June 2024)
Developed a simulation model to compare various Lightning Network implementations based on performance metrics such as reliability, fees, path length, and timelock (delay).
Research Intern (June 2023 - December 2023)
Analyzed pathfinding algorithms used in major Lightning Network implementations, including Core Lightning, Eclair, LND, and LDK.
Texas A&M University, College Station
Graduate Teaching Assistant (January 2023 - May 2023)
Teaching assistant for the course "The Bitcoin Protocol - CSCE 489".
Graduate Research Assistant (June 2022 - December 2022)
Studied finite fields, elliptic curves, scripts, transactions, and blocks to enhance understanding and programming of Bitcoin. Worked extensively with Bitcoin Core, RPC commands, and full nodes.
Professional Service
Reviewer
Journal of Complex Networks
IEEE International Conference on Blockchain Computing and Applications (BCCA 2026)
Education
Ph.D. in Computer Science
University of Central Florida
August 2025 - Present
Ph.D. in Computer Science
University of North Carolina at Charlotte
January 2024 - July 2025
Transferred to UCF
M.S. in Computer Engineering
Texas A&M University, College Station
January 2022 - December 2023
B.E. in Electronics and Communication Engineering
Visvesvaraya Technological University, India
August 2015 - July 2019
Awards & Honors
University First Rank & Recipient of 6 Gold Medals
Visvesvaraya Technological University (VTU), India
B.E. in Electronics and Communication Engineering
Presentations
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TABConf 5, 2024, Atlanta, Georgia, USA
-
IEEE ICBC, 2025, Pisa, Italy
An Exposition of Pathfinding Strategies Within Lightning Network Clients
-
Stanford University, USA
-
Bitcoin Research Institute, University of Wyoming, Laramie, USA
Optimal Threshold Signatures in Bitcoin
-
Bengaluru Bitdevs, Bengaluru, India
Lightning and Multisig
Latest News & Updates
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Announcement:
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