Modeling Effective Lifespan of Payment Channels

ePrint Report: Modeling Effective Lifespan of Payment Channels

Soheil Zibakhsh Shabgahi, Seyed Mahdi Hosseini, Seyed Pooya Shariatpanahi, Behnam Bahrak

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 nodes are connected directly to each other, they can use a payment network to route their payments. Each node allocates a balance that is frozen during the channel's lifespan. …

eprint report modeling payment