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Transaction path short circuit method of blockchain payment channel network

A payment channel and blockchain technology, applied in the blockchain field, can solve the problems of inability to effectively utilize the high flexibility of the payment network and waste of resources, and achieve the effects of improving transaction efficiency, shortening path length, and high flexibility

Active Publication Date: 2020-02-28
SUN YAT SEN UNIV
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Problems solved by technology

[0005] In order to overcome the technical defects of using the traditional data transmission network to analogize the payment network, which cannot effectively utilize the high flexibility of the payment network, the determined transaction path is not necessarily the optimal solution, and wastes resources, the present invention provides a block chain Transaction Path Short-Circuit Method for Payment Channel Networks

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  • Transaction path short circuit method of blockchain payment channel network

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Embodiment 1

[0033] Such as figure 1 As shown, a transaction path short-circuit method of a blockchain payment channel network, by setting a payment channel hub to connect multiple payment channels, so as to conduct fund transactions between different payment channels, and realize the short-circuit of the transaction path.

[0034] More specifically, the payment channel hub is a smart contract running on the blockchain, and its specific setting process is as follows:

[0035] The payment channel is denoted as β, and the two nodes of the transaction parties are respectively added to the payment channel β according to the amount of funds determined through negotiation to complete the creation process. At this time, the payment channel β is responsible for recording and maintaining the respective fund savings of the transaction parties. When a consensus is reached, the payment channel β will return the funds to the respective accounts of the parties to the transaction or use them for other pu...

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Abstract

According to a transaction path short circuit method of a blockchain payment channel network, a payment channel concentrator is arranged to connect the plurality of payment channels, so that fund transaction between different payment channels is carried out, and the short circuit of the transaction path is realized. Based on the transaction path short circuit method of the blockchain payment channel network, the characteristic of high flexibility of the payment network is fully utilized, and the payment channel concentrator is arranged on the network to realize short circuit of different payment channels, so that the path length of transaction between non-direct connection nodes is greatly shortened, and the transaction efficiency in the payment network is improved.

Description

technical field [0001] The present invention relates to the technical field of block chain, and more specifically, relates to a method for short-circuiting a transaction path of a block chain payment channel network. Background technique [0002] Since Satoshi Nakamoto designed Bitcoin in 2008 and Ethereum technology supporting smart contracts came out in 2013, the cryptocurrency technology with blockchain as its core has gained widespread attention around the world. Its characteristics of decentralization, non-tampering, openness, transparency, safety and reliability make blockchain technology widely used in many fields such as medical care, supply chain, and finance. The key innovation behind blockchain technology is the consensus mechanism and the structure of blocks chained together using hashing algorithms. The former enables all participants to jointly maintain a single ledger, and the latter makes the block content non-tamperable, safe and verifiable. However, the u...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q10/04G06Q20/38G06Q20/42G06Q40/04
CPCG06Q10/047G06Q40/04G06Q20/3825G06Q20/42
Inventor 叶永杰吴维刚
Owner SUN YAT SEN UNIV
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