Paper Info
Title
Secure Payment Routing Protocol For Economic Systems Based On Blockchain
Abstract
Blockchain, as secure means for asset transfer, greatly attracts the attention of the global economic community. However, scalability strongly hampers the growth of economic systems based on the blockchain technology. Bi-directional micropayment channels are suitable solutions for scalability on economic systems based on blockchain. However, the challenge presented by micropayment channels is the inefficient routing mechanisms and timelocks generated per channel for a given path chosen to execute a transaction. In this paper, we develop suitable routing algorithms for economic systems based on blockchain. We additionally derive suitable equations to generate unique timelocks for channels belonging to selected paths chosen to execute a transaction. Finally, we demonstrate the efficiency of the protocol based on number of connections and bandwidth with evidence showing the efficiency and scalability of the routing mechanism.
Year
DOI
Venue
2018
10.1109/iccnc.2018.8390309
2018 INTERNATIONAL CONFERENCE ON COMPUTING, NETWORKING AND COMMUNICATIONS (ICNC)
Keywords
Field
DocType
Blockchain, Micropayment Network, Routing
Economic system,Computer science,Communication channel,Micropayment,Bandwidth (signal processing),Blockchain,Database transaction,Payment,Routing protocol,Scalability
Conference
ISSN
Citations 
PageRank 
2325-2626
0
0.34
References 
Authors
5
6
Name
Order
Citations
PageRank
Qi Xia113221.76
Emmanuel Boateng Sifah2807.48
Ke Huang378467.19
Ruidong Chen400.34
X. Du52320241.73
Jianbin Gao6665.18