On the Selection of the LN Client Implementation Parameters

Luis E. Oleas-Chávez; Cristina Pérez-Solà; Jordi Herrera-Joacomartí

doi:10.1007/978-3-030-66172-4_20

On the Selection of the LN Client Implementation Parameters

Luis E. Oleas-Chávez^*, Cristina Pérez-Solà, Jordi Herrera-Joacomartí

^*Corresponding author for this work

Department of Information and Communications Engineering

Research output: Contribution to journal › Article › Research › peer-review

Abstract

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.

Original language	English
Pages (from-to)	305-318
Number of pages	14
Journal	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	12484
DOIs	https://doi.org/10.1007/978-3-030-66172-4_20
Publication status	Published - 2020

Keywords

Bitcoin
Blockchain
Lightning network
Payment channel networks
Security

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10.1007/978-3-030-66172-4_20

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title = "On the Selection of the LN Client Implementation Parameters",

abstract = "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.",

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author = "Oleas-Ch{\'a}vez, \{Luis E.\} and Cristina P{\'e}rez-Sol{\`a} and Jordi Herrera-Joacomart{\'i}",

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doi = "10.1007/978-3-030-66172-4\_20",

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On the Selection of the LN Client Implementation Parameters. / Oleas-Chávez, Luis E.; Pérez-Solà, Cristina; Herrera-Joacomartí, Jordi.
In: Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), Vol. 12484, 2020, p. 305-318.

Research output: Contribution to journal › Article › Research › peer-review

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AU - Herrera-Joacomartí, Jordi

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KW - Payment channel networks

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On the Selection of the LN Client Implementation Parameters

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Keywords

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