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Payment channel networks (PCNs) such as the Lightning Network offer an appealing solution to the scalability problem faced by many cryptocurrencies operating on a blockchain such as Bitcoin. However, PCNs also inherit the stringent…

Cryptography and Security · Computer Science 2022-01-20 Philipp Zabka , Klaus-Tycho Foerster , Stefan Schmid , Christian Decker

Introducing blockchain into Federated Learning (FL) to build a trusted edge computing environment for transmission and learning has attracted widespread attention as a new decentralized learning pattern. However, traditional consensus…

Cryptography and Security · Computer Science 2024-02-01 Shuo Yuan , Bin Cao , Yao Sun , Zhiguo Wan , Mugen Peng

Many researchers have proposed replacing the aggregation server in federated learning with a blockchain system to improve privacy, robustness, and scalability. In this approach, clients would upload their updated models to the blockchain…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-11-15 Yongding Tian , Zhuoran Guo , Jiaxuan Zhang , Zaid Al-Ars

The fundamental building blocks of the Bitcoin lightning network are bidirectional payment channels. We describe an extension of payment channels in the Proofgold network which allow the two parties to bet on whether a proposition will be…

Logic in Computer Science · Computer Science 2025-09-11 Chad E. Brown , Cezary Kaliszyk , Josef Urban

Payment networks were introduced to address the limitation on the transaction throughput of popular blockchains. To open a payment channel one has to publish a transaction on-chain and pay the appropriate transaction fee. A transaction can…

Computer Science and Game Theory · Computer Science 2019-08-06 Georgia Avarikioti , Rolf Scheuner , Roger Wattenhofer

One of the fundamental applications for a practically useful system of money is remuneration. Information pertaining to the amount of compensation awarded to different individuals is often considered sensitive, commanding a certain degree…

Computers and Society · Computer Science 2017-03-14 S. Matthew English , Ehsan Nezhadian

Payment channel is a class of techniques designed to solve the scalability problem of blockchain. By establishing channels off the blockchain to form payment channel networks (PCNs), users can make instant payments without interacting with…

Networking and Internet Architecture · Computer Science 2022-10-14 Wenhui Wang , Ke Mu , Xuetao Wei

Precision, validity, reliability, timeliness, availability, and granularity are the desired characteristics for data and information systems. However due to the desired trait of data mutability, information systems have inherently lacked…

Cryptography and Security · Computer Science 2021-10-20 Jared Newell , Quazi Mamun , Sabih ur Rehman , Md Zahidul Islam

Since the emergence of blockchain technology, its application in the financial market has always been an area of focus and exploration by all parties. With the characteristics of anonymity, trust, tamper-proof, etc., blockchain technology…

Statistical Finance · Quantitative Finance 2022-04-21 Ji Liu , Zheng Xu , Yanmei Zhang , Wei Dai , Hao Wu , Shiping Chen

In permissionless blockchains, transaction issuers include a fee to incentivize miners to include their transactions. To accurately estimate this prioritization fee for a transaction, transaction issuers (or blockchain participants, more…

Cryptography and Security · Computer Science 2023-05-25 Johnnatan Messias , Vabuk Pahari , Balakrishnan Chandrasekaran , Krishna P. Gummadi , Patrick Loiseau

This paper presents a layer-2 micropayment pool design which supports high-throughput blockchain off-chain payment, designed specifically for the use case of rewarding users who share redundant bandwidth to assist video stream delivery. We…

Distributed, Parallel, and Cluster Computing · Computer Science 2021-03-04 Jieyi Long , Ribao Wei

Blockchain technology has revolutionized the way transactions are executed, but scalability remains a major challenge. Payment Channel Network (PCN), as a Layer-2 scaling solution, has been proposed to address this issue. However, skewed…

Cryptography and Security · Computer Science 2025-04-30 Minghui Xu , Wenxuan Yu , Guangyong Shang , Guangpeng Qi , Dongliang Duan , Shan Wang , Kun Li , Yue Zhang , Xiuzhen Cheng

While centralized servers pose a risk of being a single point of failure, decentralized approaches like blockchain offer a compelling solution by implementing a consensus mechanism among multiple entities. Merging distributed computing with…

Cryptography and Security · Computer Science 2024-03-29 Ji Liu , Chunlu Chen , Yu Li , Lin Sun , Yulun Song , Jingbo Zhou , Bo Jing , Dejing Dou

Blockchain protocols are inherently limited in transaction throughput and latency. Recent efforts to address performance and scale blockchains have focused on off-chain payment channels. While such channels can achieve low latency and high…

Cryptography and Security · Computer Science 2017-03-09 Joshua Lind , Ittay Eyal , Peter Pietzuch , Emin Gün Sirer

For preserving privacy, blockchains can be equipped with dedicated mechanisms to anonymize participants. However, these mechanism often take only the abstraction layer of blockchains into account whereas observations of the underlying…

Networking and Internet Architecture · Computer Science 2018-07-31 David Mödinger , Henning Kopp , Frank Kargl , Franz J. Hauck

Blockchain is a decentralized transaction and data management solution, the technological leap behind the success of Bitcoin and other cryptocurrencies. As the variety of existing blockchains and distributed ledgers continues to increase,…

Cryptography and Security · Computer Science 2020-07-27 Martin Garriga , Stefano Dalla Palma , Maximiliano Arias , Alan De Renzis , Remo Pareschi , Damian Andrew Tamburri

Blockchains have recently generated explosive interest from both academia and industry, with many proposed applications. But descriptions of many these proposals are more visionary projections than realizable proposals, and even basic…

Computers and Society · Computer Science 2018-03-05 Ephraim Feig

Bitcoin is undoubtedly a great alternative to today's existing digital payment systems. Even though Bitcoin's scalability has been debated for a long time, we see that it is no longer a concern thanks to its layer-2 solution Lightning…

Cryptography and Security · Computer Science 2023-05-01 Ahmet Kurt , Abdulhadi Sahin , Ricardo Harrilal-Parchment , Kemal Akkaya

Blockchain has evolved into a platform for decentralized applications, with beneficial properties like high integrity, transparency, and resilience against censorship and tampering. However, blockchains are closed-world systems which do not…

Cryptocurrencies such as Bitcoin are realized using distributed systems and hence critically rely on the performance and security of the interconnecting network. The requirements on these networks and their usage, however can differ…

Networking and Internet Architecture · Computer Science 2020-08-20 Maya Dotan , Yvonne-Anne Pignolet , Stefan Schmid , Saar Tochner , Aviv Zohar