MPCN-RP: A Routing Protocol for Blockchain-Based Multi-Charge Payment Channel Networks

【Author】 Chen, Yanjiao; Ran, Yuyang; Zhou, Jingyue; Zhang, Jian; Gong, Xueluan

【Source】IEEE TRANSACTIONS ON NETWORK AND SERVICE MANAGEMENT

【影响因子】4.758

【Abstract】Blockchain-based cryptocurrencies are severely limited in transaction throughput and latency due to the need to seek consensus among all peers of the network. A promising solution to this issue is payment channels, which allow unlimited numbers of atomic and trust-free payments between two peers without exhausting the resources of the blockchain. A linked payment channel network enables payments between two peers without direct channels through a series of intermediate nodes that forward and charge for the transactions. However, the charging strategies of intermediate nodes vary with different payment channel networks. Existing works do not yet have a complete routing algorithm to provide the most economical path for users in a multi-charge payment channel network. In this work, we propose MPCN-RP, a general routing protocol for payment channel networks with multiple charges. Our extensive experimental results on both simulated and real payment channel networks show that MPCN-RP significantly outperforms the baseline algorithms in terms of time and fees.

【Keywords】Peer-to-peer computing; Routing; Bitcoin; Blockchains; Lightning; Costs; Throughput; Blockchain; payment channel network; routing

【发表时间】2022 JUN

【收录时间】2022-06-22

【文献类型】理论性文章

【主题类别】

区块链应用-虚拟经济-金融领域