Affiliation:
1. EPFL, Switzerland
2. University of Illinois, Urbana-Champaign, IL, USA
Abstract
Blockchains are decentralized digital transaction systems. Most blockchains today suffer from poor transaction throughput, resulting in exorbitant transaction fees and hindering widespread adoption. Layer-two blockchain mechanisms are tools that allow transactions to take place outside of the main blockchain system, thereby increasing the system's throughput [2]. A payment channel network (PCN) is one such mechanism that is used in practice. This paper focuses on their long-term transaction processing efficiency.
Publisher
Association for Computing Machinery (ACM)
Reference4 articles.
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2. SoK: Layer-Two Blockchain Protocols
3. Sivaraman, V., et al. The effect of network topology on credit network throughput. Performance Evaluation 151 (2021).
4. Throughput Optimal Routing in Blockchain-Based Payment Systems