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xLumi: Payment Channel Protocol and Off-chain Payment in Blockchain Contract Systems

2021/01/26 by Ying, Ningchen, Wu, Tsz Wai
#Cryptography and Security (cs.CR) #FOS: Computer and information sciences

paper · doi:10.48550/arxiv.2101.10621

Abstract

In this paper, we introduce Super Luminal ("xLumi"), a new payment channel protocol for blockchain systems. xLumi is a simple unidirectional payment channel that can be extended to a bidirectional payment channel or a complete network. xLumi guarantees the security of the payment channel's funds by using a simple set of mathematical rules that can be easily implemented on any blockchain with the necessary infrastructure. We also give the detailed implementation methods of this idea using V Systems contract systems in this paper.

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