Balancing the Payment System [PDF]
The increasingly complex economic and financial environment in which we live makes the management of liquidity in payment systems and the economy in general a persistent challenge. New technologies are making it possible to address this challenge through alternative solutions that complement and strengthen existing payment systems.
arxiv
Towards a Concurrent and Distributed Route Selection for Payment Channel Networks [PDF]
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 algorithm to find payment flows in a payment channel network.
arxiv +1 more source
Current Mobile Payment Procedures on the German Market from the View of Customer Requirements [PDF]
The key to mobile payment acceptance is in the hands of customers. In this paper we use the results of the mobile payment survey MP1 in order to identify and roughly weigh the most relevant acceptance criteria.
Pousttchi, Key, Zenker, M.
core
Payment Does Not Imply Consensus (For Distributed Payment Systems) [PDF]
Decentralized payment systems such as Bitcoin have become massively popular in the last few years, yet there is still much to be done in understanding their formal properties. The vast majority of decentralized payment systems work by achieving consensus on the state of the network; a natural question to therefore ask is whether this consensus is ...
arxiv
A decision support approach to address new sugarcane quality-based payment systems [PDF]
IN SUGAR industries where growers and millers are independent economic entities, payment systems aim at sharing the annual sugar industry revenue. They have been designed to create incentives to improve milling performance, cane yields and quality.
Auzoux, Sandrine, Lejars, Caroline
core
Snappy: Fast On-chain Payments with Practical Collaterals [PDF]
Permissionless blockchains offer many advantages but also have significant limitations including high latency. This prevents their use in important scenarios such as retail payments, where merchants should approve payments fast. Prior works have attempted to mitigate this problem by moving transactions off the chain.
arxiv
Understanding the Relationship Between Core Constraints and Core-Selecting Payment Rules in Combinatorial Auctions [PDF]
Combinatorial auctions (CAs) allow bidders to express complex preferences for bundles of goods being auctioned. However, the behavior of bidders under different payment rules is often unclear. In this paper, we aim to understand how core constraints interact with different core-selecting payment rules.
arxiv
CryptoMaze: Atomic Off-Chain Payments in Payment Channel Network [PDF]
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 transaction.
Mazumdar, Subhra, Ruj, Sushmita
core +1 more source
Flash: Efficient Dynamic Routing for Offchain Networks [PDF]
Offchain networks emerge as a promising solution to address the scalability challenge of blockchain. Participants directly make payments through a network of payment channels without the overhead of committing onchain transactions. Routing is critical to the performance of offchain networks.
arxiv
PayPlace: Secure and Flexible Operator-Mediated Payments in Blockchain Marketplaces at Scale [PDF]
Decentralized marketplace applications demand fast, cheap and easy-to-use cryptocurrency payment mechanisms to facilitate high transaction volumes. The standard solution for off-chain payments, state channels, are optimized for frequent transactions between two entities and impose prohibitive liquidity and capital requirements on payment senders for ...
arxiv