Paper 2024/1526

Overpass Channels: Horizontally Scalable, Privacy-Enhanced, with Independent Verification, Fluid Liquidity, and Robust Censorship Proof, Payments

Brandon "Cryptskii" Ramsay
Abstract

Overpass Channels presents a groundbreaking approach to blockchain scalability, offering a horizontally scalable, privacy-enhanced payment network with independent verification, fluid liquidity, and robust censorship resistance. This paper introduces a novel architecture that leverages zero-knowledge proofs, specifically zk-SNARKs, to ensure transaction validity and privacy while enabling unprecedented throughput and efficiency. By eliminating the need for traditional consensus mechanisms and miners, Overpass Channels achieves remarkable cost-effectiveness and energy efficiency. The system's design focuses on unilateral payment channels and off-chain transaction processing, allowing for high-speed, low-latency operations without compromising security or decentralization. This paper provides a comprehensive analysis of the Overpass Channels system, including its cryptographic foundations, scalability metrics, integration, and potential applications across various domains, from global payments to confidential voting systems and secure health record management.

Metadata
Available format(s)
PDF
Category
Cryptographic protocols
Publication info
Published elsewhere. Major revision. ethresear.ch
DOI
19756
Keywords
unilateralpaymentchannelszeroknowledgemassadoptioncryptskiioverpassdynamicrebalancingramsay
Contact author(s)
info @ overpass network
History
2024-09-30: approved
2024-09-28: received
See all versions
Short URL
https://ia.cr/2024/1526
License
Creative Commons Attribution
CC BY

BibTeX

@misc{cryptoeprint:2024/1526,
      author = {Brandon "Cryptskii" Ramsay},
      title = {Overpass Channels: Horizontally Scalable, Privacy-Enhanced, with Independent Verification, Fluid Liquidity, and Robust Censorship Proof, Payments},
      howpublished = {Cryptology {ePrint} Archive, Paper 2024/1526},
      year = {2024},
      doi = {19756},
      url = {https://eprint.iacr.org/2024/1526}
}
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