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Modeling Effective Lifespan of Payment Channels. (arXiv:2301.01240v1 [cs.DC])
cs.CR updates on arXiv.org arxiv.org
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. Spending and receiving transactions will
shift the balance to one side of the channel. A channel becomes unbalanced when …
address bitcoin blockchain cryptocurrencies decentralized modeling network node nodes payment payments problem proposals scalability