Title
Z-Channel: Scalable and Efficient Scheme in Zerocash.
Abstract
Decentralized ledger-based cryptocurrencies like Bitcoin present a way to construct payment systems without trusted banks. However, the anonymity of Bitcoin is fragile. Many altcoins and protocols are designed to improve Bitcoin on this issue, among which Zerocash is the first full-fledged anonymous ledger-based currency, using zero-knowledge proof, specifically zk-SNARK, to protect privacy. However, Zerocash suffers two problems: Poor scalability and low efficiency. In this paper, we address the above issues by constructing a micropayment system in Zerocash called Z-Channel. First, we improve Zerocash to support multisignature and time lock functionalities, and prove that the reconstructed scheme is secure. Then we construct Z-Channel based on the improved Zerocash scheme. Our experiments demonstrate that Z-Channel significantly improves the scalability and reduces the confirmation time for Zerocash payments.
Year
DOI
Venue
2018
10.1016/j.cose.2019.05.012
Computers & Security
DocType
Volume
ISSN
Conference
86
0167-4048
Citations 
PageRank 
References 
1
0.35
24
Authors
5
Name
Order
Citations
PageRank
Yuncong Zhang110.35
Yu Long28411.96
Zhen Liu3818.48
Zhiqiang Liu43111.71
Dawu Gu5644103.50