OTS-PC: OTS-based Payment Channels for the Lightning Network
Sergio Demian Lerner, Ariel Futoransky
TL;DR
This paper introduces OTS-PC, a simplified bidirectional payment channel for the Lightning Network using One-Time Signatures, offering benefits like minimal storage, reduced information leakage, and routing compatibility.
Contribution
The paper presents a novel OTS-based payment channel construction that simplifies existing methods while maintaining key features like minimal storage and routing compatibility.
Findings
O(1) storage per channel
Reduced information leakage
Compatibility with Lightning Network routing
Abstract
We present a new type of bidirectional payment channel based on One-Time Signatures on state sequence numbers. This new construction is simpler than the Poon-Dryja construction, but provides a number of benefits such as storage per channel, minimal information leakage, and compatibility with Lightning Network routing.
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Taxonomy
TopicsDistributed systems and fault tolerance · Coding theory and cryptography · Error Correcting Code Techniques