Nitro Protocol

Tom Close

Paper 2019/219

Nitro Protocol

Tom Close

Abstract

State channels are an important technique for scaling blockchains, allowing a fixed set of participants to jointly run an application in order to determine how a set of assets should be distributed between them. In this paper, we present a new protocol for constructing state channel networks, allowing state channels to be opened and closed without on-chain transactions and decreasing the number of deposits that need to be held. The protocol readily extends to $n$-party channels and we include the construction of a 3-party virtual channel.

Metadata

Available format(s): PDF
Category: Cryptographic protocols
Publication info: Preprint. MINOR revision.
Contact author(s): tom @ magmo com
History: 2019-02-27: received
Short URL: https://ia.cr/2019/219
License: CC BY

BibTeX

@misc{cryptoeprint:2019/219,
      author = {Tom Close},
      title = {Nitro Protocol},
      howpublished = {Cryptology {ePrint} Archive, Paper 2019/219},
      year = {2019},
      url = {https://eprint.iacr.org/2019/219}
}