Blockchain; Lightning Network; Data Analysis; Transaction Fees
Résumé :
[en] Blockchain is a revolutionary, immutable database disrupting the finance industry with a potential to provide payments in a secure environment, unhindered by intermediaries. However, scalability and throughput issues plague the technology and prevent it's mass scale adoption. The paper focusses on Lightning Network, the off-chain, scalable and high throughput payment solution from Bitcoin. A comparison is conducted to highlight the fee incurred for payment transactions through Lightning Network, Raiden, Stellar, Bitcoin and conventional payment systems to assess its viability as a blockchain-based payment sys-tem. The paper also provides an analysis of the data of Lightning Network, to give a global overview of its usage and reachability.
Disciplines :
Sciences informatiques
Auteur, co-auteur :
KHAN, Nida ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT)
STATE, Radu ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT)
Co-auteurs externes :
no
Langue du document :
Anglais
Titre :
Lightning Network: A Comparative Review of Transaction Fees and Data Analysis
Date de publication/diffusion :
2019
Nom de la manifestation :
International Congress on Blockchain and Applications
Lieu de la manifestation :
Espagne
Date de la manifestation :
26-06-2019 to 28-06-2019
Manifestation à portée :
International
Titre de l'ouvrage principal :
Springer Blockchain and Applications
Maison d'édition :
Springer
Collection et n° de collection :
AISC, Volume 1010
Pagination :
11-18
Peer reviewed :
Peer reviewed
Focus Area :
Computational Sciences
Projet FnR :
FNR11617092 - Data Analytics And Smart Contracts For Traceability In Finance, 2017 (01/03/2017-31/01/2021) - Nida Khan
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