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SyncPCN/PSyncPCN: Payment Channel Networks without Blockchain Synchrony. (arXiv:2207.11615v1 [cs.CR])
July 26, 2022, 1:20 a.m. | Oğuzhan Ersoy, Jérémie Decouchant, Satwik Prabhu Kimble, Stefanie Roos
cs.CR updates on arXiv.org arxiv.org
Payment channel networks (PCNs) enhance the scalability of blockchains by
allowing parties to conduct transactions off-chain, i.e, without broadcasting
every transaction to all blockchain participants. To conduct transactions, a
sender and a receiver can either establish a direct payment channel with a
funding blockchain transaction or leverage existing channels in a multi-hop
payment. The security of PCNs usually relies on the synchrony of the underlying
blockchain, i.e., evidence of misbehavior needs to be published on the
blockchain within a time …
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