A secure payment channel rebalancing model for layer-2 blockchain

Sahoo, Sujit Sangram; Hosmane, Mahesh Mohan; Chaurasiya, Vijay Kumar

doi:10.1016/j.iot.2023.100822

Cited by 8 publications

(1 citation statement)

References 9 publications

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“…Requires fewer resources and incurs less computation overhead, as information is not stored indefinitely [44].…”

Section: Low Resource Consumptionmentioning

confidence: 99%

Bitcoin Layer Two Scaling Solutions: Lightening Payment Channels Network Comprehensive Review, Mechanisms, Challenges, Open Issues and Future Research Directions

Falah hasan,

Mohd Najwadi Bin Yusoff,

Shams Mhmood Abd Ali

2024

Iraqi Journal For Computer Science and Mathematics

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Blockchain technology era is triggered due to current advancement in the decentralized paradigms via facilitating secure collaboration among untrusted entities consequently superseding the necessity for the trusted third parties’ existence. Notwithstanding its potential, blockchain scalability faces severe limitations such as low throughput, high fees, and confirmation time latency. Several scaling solutions have been proposed, including layer one solutions that substantially require fundamentally amending blockchain underlying infrastructure resulted in further scalability complications. Layer two solutions, specifically Lightning Network, is a successful cryptographic layer built atop of the Bitcoin blockchain that aims to alleviate these implications by deporting transaction processing outside blockchain while ensuring security and consensus inherited from blockchain without compromising its infrastructure. Payment channels form the core of the lightning network, facilitating fast and secure transactions between participants. However, the network encounters substantial obstacles associated with transaction amounts that exceed the current channel capacity, leading to payment failures and limiting its effectiveness. Payment Channel Networks (PCN) have been risen as an evolved replacement that solves payment channel’s issues, seeking to enhance transaction throughput and reduce confirmation delays by solving limited capacities shortages. This paper thoroughly examines PCN efficiency impacting factors that hinder its current adoption growth and avoiding its widespread employment. Additionally, existing solutions are reviewed and categorized based on the PCN building architecture. The research concludes by outlining potential research avenues and future directions to improve the efficiency and practicality of the Lightning Network PCN. This research contribution aids the advent of blockchain layer two technology and participates in its integration into real-world applications.

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“…Requires fewer resources and incurs less computation overhead, as information is not stored indefinitely [44].…”

Section: Low Resource Consumptionmentioning

confidence: 99%

Bitcoin Layer Two Scaling Solutions: Lightening Payment Channels Network Comprehensive Review, Mechanisms, Challenges, Open Issues and Future Research Directions

Falah hasan,

Mohd Najwadi Bin Yusoff,

Shams Mhmood Abd Ali

2024

Iraqi Journal For Computer Science and Mathematics

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Exploring security and privacy enhancement technologies in the Internet of Things: A comprehensive review

Ataullah,

Chauhan

2024

Security and Privacy

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In the era heavily influenced by Internet of Things (IoT), prioritizing strong security and the protection of user privacy is of utmost importance. This comprehensive review paper embarks on a meticulous examination of the multifaceted challenges and risks facing IoT security and privacy. It encompasses the hardware, software, and data‐in‐transit domains, shedding light on potential vulnerabilities and associated threats. In response to these concerns, this paper puts forth recommendations for effective strategies to mitigate these risks. Providing a road‐map for enhancing security and privacy in IoT environments. Furthermore, this review thoroughly assesses a multitude of solutions proposed by various authors, with the primary aim of enhancing security and privacy within the IoT landscape. The analysis provides insights into the strengths and limitations of these solutions. This is aiding in the development of a holistic comprehension of the existing status of IoT security and privacy. Moreover, the paper delves into the complexities surrounding integrating emerging technologies into the IoT framework. It explores the obstacles and challenges inherent in this process and proposes potential strategies to address these hurdles. By doing so, the review provides a holistic perspective on existing security and privacy enhancement technologies and offers guidance on navigating the dynamic landscape of emerging technologies within the IoT domain. Publications included in the review consist of journal articles, conference papers, and book chapters from reputable sources indexed in SCI (Science Citation Index), Scopus, and Web of Science.

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Secure Certificateless Maximum Achievable Throughput in Successive IoT Relay Networks

Kumar,

Sahoo,

Kumar

et al. 2024

Springer Tracts in Electrical and Electronics Engineering

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A secure payment channel rebalancing model for layer-2 blockchain

Cited by 8 publications

References 9 publications

Bitcoin Layer Two Scaling Solutions: Lightening Payment Channels Network Comprehensive Review, Mechanisms, Challenges, Open Issues and Future Research Directions

Bitcoin Layer Two Scaling Solutions: Lightening Payment Channels Network Comprehensive Review, Mechanisms, Challenges, Open Issues and Future Research Directions

Exploring security and privacy enhancement technologies in the Internet of Things: A comprehensive review

Secure Certificateless Maximum Achievable Throughput in Successive IoT Relay Networks

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