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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
Creative Commons Attribution
CC BY
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