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Routing Optimization for High Speed Photon State-Channel Architecture

  • Xiaowei DingEmail author
  • Litai Ren
  • Zizhou Sang
  • Zijie Zhang
  • Yifan Du
  • Peter YanEmail author
Conference paper
  • 17 Downloads
Part of the Communications in Computer and Information Science book series (CCIS, volume 1176)

Abstract

Compared with mainstream payment systems such as Visa, the biggest obstacles to blockchain based technologies such as Bitcoin and Ethereum becoming mainstream means of payment in human daily life lie in their low transaction rate and slow response time. A potentially promising solution is the state channel architecture. State channels are more general than payment channels, which provide off-chain transaction settlement without much need for expensive on-chain operations. We investigate the routing optimization problem for Photon, a state channel network for Spectrum, which is similar to Raiden being a 2nd layer state channel network on top of Ethereum. Yet Photon possesses interesting characteristics that Raiden lacks. Extensive simulations show our proposed algorithm can effectively achieve high success rate and throughput with low deposit lockup.

Keywords

Blockchain Bitcoin Ethereum Lightning Network Raiden Network Spectrum Photon Network Payment channel network State channel network 

Notes

Acknowledgements

We greatly appreciate the help from SmartMesh Foundation and MeshBox Foundation.

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Copyright information

© Springer Nature Singapore Pte Ltd. 2020

Authors and Affiliations

  1. 1.School of Information ManagementNanjing UniversityNanjingChina
  2. 2.School of ChemistryNanjing UniversityNanjingChina
  3. 3.School of Engineering ManagementNanjing UniversityNanjingChina
  4. 4.School of MathematicsNanjing UniversityNanjingChina
  5. 5.SmartMesh Foundation Pte. Ltd.SingaporeSingapore
  6. 6.MeshBox Foundation Pte. Ltd.SingaporeSingapore
  7. 7.Inclusive & Rural Financial Technology Innovation Research CenterNanjing UniversityNanjingChina

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