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Payment channel networks (PCNs) are a promising technology to improve the scalability of cryptocurrencies. PCNs, however, face the challenge that the frequent usage of certain routes may deplete channels in one direction, and hence prevent…

数据结构与算法 · 计算机科学 2022-09-27 Mahsa Bastankhah , Krishnendu Chatterjee , Mohammad Ali Maddah-Ali , Stefan Schmid , Jakub Svoboda , Michelle Yeo

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…

密码学与安全 · 计算机科学 2025-04-30 Minghui Xu , Wenxuan Yu , Guangyong Shang , Guangpeng Qi , Dongliang Duan , Shan Wang , Kun Li , Yue Zhang , Xiuzhen Cheng

Cryptocurrencies redefined how money can be stored and transferred among users. However, independent of the amount being sent, public blockchain-based cryptocurrencies suffer from high transaction waiting times and fees. These drawbacks…

密码学与安全 · 计算机科学 2021-02-05 Enes Erdin , Suat Mercan , Kemal Akkaya

The Lightning Network (LN) is a prominent payment channel network aimed at addressing Bitcoin's scalability issues. Due to the privacy of channel balances, senders cannot reliably choose sufficiently liquid payment paths and resort to a…

密码学与安全 · 计算机科学 2021-03-16 Rene Pickhardt , Sergei Tikhomirov , Alex Biryukov , Mariusz Nowostawski

As Lightning network payments are neither broadcasted nor publicly stored. Thus LN has been seen not only as scalability but also as privacy solution for Bitcoin. The protocol guarantees that only the latest channel state can be confirmed…

密码学与安全 · 计算机科学 2020-04-02 Sergei Tikhomirov , Rene Pickhardt , Alex Biryukov , Mariusz Nowostawski

Payment channel networks (PCNs) are viewed as one of the most promising scalability solutions for cryptocurrencies today. Roughly, PCNs are networks where each node represents a user and each directed, weighted edge represents funds…

密码学与安全 · 计算机科学 2020-10-22 Weizhao Tang , Weina Wang , Giulia Fanti , Sewoong Oh

Payment channel networks use off-chain transactions to provide virtually arbitrary transaction rates. In this paper, we provide a new perspective on payment channels and consider them as a flow network. We propose an extended push-relabel…

网络与互联网体系结构 · 计算机科学 2017-09-27 Elias Rohrer , Jann-Frederik Laß , Florian Tschorsch

Payment channels networks drastically increase the throughput and hence scalability of blockchains by performing transactions \emph{off-chain}. In an off-chain payment, parties deposit coins in a channel and then perform transactions…

分布式、并行与集群计算 · 计算机科学 2020-12-21 Yuup van Engelshoven , Stefanie Roos

While being decentralized, secure, and reliable, Bitcoin and many other blockchain-based cryptocurrencies suffer from scalability issues. One of the promising proposals to address this problem is off-chain payment channels. Since, not all…

分布式、并行与集群计算 · 计算机科学 2023-01-04 Soheil Zibakhsh Shabgahi , Seyed Mahdi Hosseini , Seyed Pooya Shariatpanahi , Behnam Bahrak

Payment channels allow transactions between participants of the blockchain to be executed securely off-chain, and thus provide a promising solution for the scalability problem of popular blockchains. We study the online network design…

数据结构与算法 · 计算机科学 2019-08-02 Georgia Avarikioti , Kenan Besic , Yuyi Wang , Roger Wattenhofer

Blockchain-based cryptocurrencies received a lot of attention recently for their applications in many domains. IoT domain is one of such applications, which can utilize cryptocur-rencies for micro payments without compromising their payment…

密码学与安全 · 计算机科学 2020-12-15 Suat Mercan , Enes Erdin , Kemal Akkaya

Payment channel is a protocol which allows cryptocurrency users to route multiple transactions through network without committing them to the main blockchain network (mainnet). This ability makes them the most prominent solution to…

计算机科学与博弈论 · 计算机科学 2021-07-08 MohammadAmin Fazli , Seyed Moeen Nehzati , MohammadAmin Salarkia

Payment protocols developed to realize off-chain transactions in Payment channel network (PCN) assumes the underlying routing algorithm transfers the payment via a single path. However, a path may not have sufficient capacity to route a…

密码学与安全 · 计算机科学 2022-02-08 Subhra Mazumdar , Sushmita Ruj

In this paper, we propose a technique for rebalancing link weights in decentralized credit networks. Credit networks are peer-to-peer trust-based networks that enable fast and inexpensive cross-currency transactions compared to traditional…

密码学与安全 · 计算机科学 2020-03-10 Lalitha Muthu Subramanian , Roopa Vishwanathan , Kartick Kolachala

Payment channel network (PCN) is a layer-two scaling solution that enables fast off-chain transactions but does not involve on-chain transaction settlement. PCNs raise new privacy issues including balance secrecy, relationship anonymity and…

密码学与安全 · 计算机科学 2022-08-23 Wenxuan Yu , Minghui Xu , Dongxiao Yu , Xiuzhen Cheng , Qin Hu , Zehui Xiong

We introduce a family of PCNs (Payment Channel Networks) characterized by a semi-hierarchical topology and a custom set of channel rebalancing strategies. This family exhibits two interesting benefits, if used as a platform for large-scale,…

分布式、并行与集群计算 · 计算机科学 2024-12-18 Marco Benedetti , Francesco De Sclavis , Marco Favorito , Giuseppe Galano , Sara Giammusso , Antonio Muci , Matteo Nardelli

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…

网络与互联网体系结构 · 计算机科学 2018-07-31 David Mödinger , Henning Kopp , Frank Kargl , Franz J. Hauck

Payment channel networks (PCNs) are a promising technology that alleviates blockchain scalability by shifting the transaction load from the blockchain to the PCN. Nevertheless, the network topology has to be carefully designed to maximise…

分布式、并行与集群计算 · 计算机科学 2025-08-21 Krishnendu Chatterjee , Jan Matyáš Křišťan , Stefan Schmid , Jakub Svoboda , Michelle Yeo

Micropayment channels are the most prominent solution to the limitation on transaction throughput in current blockchain systems. However, in practice channels are risky because participants have to be online constantly to avoid fraud, and…

密码学与安全 · 计算机科学 2018-12-03 Georgia Avarikioti , Felix Laufenberg , Jakub Sliwinski , Yuyi Wang , Roger Wattenhofer

Payment channel networks (PCNs) are a promising approach to making cryptocurrency transactions faster and more scalable. At their core, PCNs bypass the blockchain by routing transactions through intermediary channels. However, a channel can…

数据结构与算法 · 计算机科学 2026-05-19 Marcin Bienkowski , Julien Dallot , Dominik Danelski , Maciej Pacut , Stefan Schmid
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