June 29, 2023, 1:10 a.m. | Zeta Avarikioti, Tomasz Lizurej, Tomasz Michalak, Michelle Yeo

cs.CR updates on arXiv.org arxiv.org

Payment channel networks (PCNs) are a promising solution to the scalability
problem of cryptocurrencies. Any two users connected by a payment channel in
the network can theoretically send an unbounded number of instant, costless
transactions between them. Users who are not directly connected can also
transact with each other in a multi-hop fashion. In this work, we study the
incentive structure behind the creation of payment channel networks,
particularly from the point of view of a single user that wants …

channel cryptocurrencies fashion games lightning network networks payment problem scalability send solution transactions

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