Cryptology ePrint Archive: Report 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.

Category / Keywords: cryptographic protocols /

Date: received 24 Feb 2019

Contact author: tom at magmo com

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Version: 20190227:030824 (All versions of this report)

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