TY - JOUR
T1 - On the Selection of the LN Client Implementation Parameters
AU - Oleas-Chávez, Luis E.
AU - Pérez-Solà, Cristina
AU - Herrera-Joacomartí, Jordi
N1 - Publisher Copyright:
© 2020, Springer Nature Switzerland AG.
PY - 2020
Y1 - 2020
N2 - The Lightning Network (LN) is a payment network deployed on top of Bitcoin. In the LN, the payer and the payee do not need to have an open direct channel to transact: they can transact through channels by means of other users of the network, that act as intermediaries for the payments. The parameters of the contracts being used in these multihop payments determine the level of security offered, but also the usefulness of the LN as a payment network. In this paper, we evaluate the impact of tuning the parameters of the contracts for the security and performance of the payment network, and provide recommendations on the values for those parameters, taking into account the trade-off between network utility and security.
AB - The Lightning Network (LN) is a payment network deployed on top of Bitcoin. In the LN, the payer and the payee do not need to have an open direct channel to transact: they can transact through channels by means of other users of the network, that act as intermediaries for the payments. The parameters of the contracts being used in these multihop payments determine the level of security offered, but also the usefulness of the LN as a payment network. In this paper, we evaluate the impact of tuning the parameters of the contracts for the security and performance of the payment network, and provide recommendations on the values for those parameters, taking into account the trade-off between network utility and security.
KW - Bitcoin
KW - Blockchain
KW - Lightning network
KW - Payment channel networks
KW - Security
UR - http://www.scopus.com/inward/record.url?scp=85101841118&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-66172-4_20
DO - 10.1007/978-3-030-66172-4_20
M3 - Article
AN - SCOPUS:85101841118
SN - 0302-9743
VL - 12484
SP - 305
EP - 318
JO - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
JF - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
ER -