Fr. Jun 2nd, 2023

Off-Blockchain Scaling

27apr18:3020:30Off-Blockchain ScalingDuplex Micropayment Channels


Event Details

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:

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 (