Off-Blockchain Scaling

Off-Blockchain Scaling: Duplex Micropayment Channels – Dr. Christian Decker, ETH

A Fast and Scalable Payment Network with Bitcoin Duplex Micropayment Channels

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Bitcoin does not scale, because its synchronization mechanism, the blockchain, limits the maximum rate of transactions the network can process. However, using off-blockchain transactions it is possible to create long-lived channels over which an arbitrary number of transfers
can be processed locally between two users, without any burden to the Bitcoin network. These channels may form a network of payment service providers (PSPs). Payments can be routed between any two users in real time, without any confirmation delay. More information can be found in his paper:
http://www.tik.ee.ethz.ch/file/716b955c130e6c703fac336ea17b1670/duplex-micropayment-channels.pdf

Dr. Christian Decker is a researcher from the Distributed Computing Group at ETH Zurich.

He wrote various papers on Bitcoin, Bittorrent and other types of distributed networks (http://www.disco.ethz.ch/members/cdecker.html).

Added some polish to the Comprehensive Academic Bitcoin Research Archive: https://t.co/qU5pglPxBS hope you like it 🙂 #cabra #btcresearch

— Christian Decker (@Snyke) 20. März 2016