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Coalition Formation Game for Cost-Efficient Multiparty Payment Channel in Payment Channel Networks
Sensors, 2023 Blockchain has introduced a new era for online payment services and its economy with tamper-proof cryptocurrencies. However, blockchain, which is based on global peer-to-peer networks, has its limitations due to payment delays from global consensus and ...
Wooseong Kim
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Blockchain-Based Payment Channel Networks: Challenges and Recent Advances
IEEE Access, 2020 Blockchain technology has been developed with the vision to enable trusted collaboration between untrusted parties, without the need for a central authority. Despite its many promising applications, the technology suffers from a scalability problem.
Nikolaos Papadis, Leandros Tassiulas
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Geolocated Lightning Network topology snapshots: A dataset covering 2019–2023 [PDF]
Scientific DataThe Lightning Network (LN) is the most widely adopted second-layer solution for Bitcoin, enabling fast, low-cost transactions through a decentralized payment channel network.
Danila Valko, Jorge Marx Gómez
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Design and evaluation of Swift routing for payment channel network
Blockchain: Research and ApplicationsPayment Channel Networks (PCNs) are a promising alternative to improve the scalability of a blockchain network. A PCN employs off-chain micropayment channels that do not need a global block confirmation procedure, thereby sacrificing the ability to ...
Neeraj Sharma +2 more
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CLoTH: A Lightning Network Simulator
SoftwareX, 2021 Payment-channel networks are one of the most promising solution to the well-known issue of blockchain scalability. In this work we present CLoTH, a simulator of the Lightning Network — the mainstream payment-channel network, used in Bitcoin.
Marco Conoscenti +2 more
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Research on Multiparty Payment Technology Based on Blockchain and Smart Contract Mechanism
Journal of Mathematics, 2022 As a peer-to-peer “P2P” distributed ledger, the blockchain has the advantages of decentralization, no trust, open autonomy, and nontampering. Therefore, many users are willing to conduct transactions in blockchain cryptocurrency systems such as Bitcoin ...
Yanjun Zhang
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Concurrency and Privacy with Payment-Channel Networks [PDF]
Proceedings of the 2017 ACM SIGSAC Conference on Computer and Communications Security, 2017 Permissionless blockchains protocols such as Bitcoin are inherently limited in transaction throughput and latency. Current efforts to address this key issue focus on off-chain payment channels that can be combined in a Payment-Channel Network (PCN) to enable an unlimited number of payments without requiring to access the blockchain other than to ...
Giulio Malavolta +4 more
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On the Impact of Attachment Strategies for Payment Channel Networks [PDF]
2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), 2021 To be published in conjunction with the 2021 IEEE International Conference on Blockchain and Cryptocurrency (ICBC)
Kimberly Lange +2 more
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LEAF: Let’s Efficiently Make Adaptive Forwarding in Payment Channel Networks
IEEE Access, 2023 Blockchain technology is widely applicable to modern payment systems but has inherent throughput limitations. Off-chain networks are proposed to solve scalability issues, which allows parties to efficiently perform micropayments without committing all of
Xiaofei Luo, Peng Li
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Scalable funding of Bitcoin micropayment channel networks [PDF]
Royal Society Open Science, 2018 The Bitcoin network has scalability problems. To increase its transaction rate and speed, micropayment channel networks have been proposed; however, these require to lock funds into specific channels.
Conrad Burchert +2 more
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