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MoneroResearch.info |
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Sui, Z., Liu, J. K., Yu, J., & Qin, X. (2022). Monet: A fast payment channel network for scriptless cryptocurrency monero. Cryptology ePrint Archive, Added by: Jack (2022-06-22 03:51) |
| Resource type: Journal Article BibTeX citation key: Sui2022a View all bibliographic details  |
Categories: Monero-focused Creators: Liu, Qin, Sui, Yu Collection: Cryptology ePrint Archive |
Views: 63/25504
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Attachments
moNet.pdf  [24/455]
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URLs https://eprint.iacr.org/2022/744 |
| Abstract |
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We propose MoNet, the first bi-directional payment channel network with unlimited lifetime for Monero. It is fully compatible with Monero without requiring any modification of the current Monero blockchain. MoNet preserves transaction fungibility, i.e., transactions over MoNet and Monero are indistinguishable, and guarantees anonymity of Monero and MoNet users by avoiding any potential privacy leakage introduced by the new payment channel network. We also propose a new crypto primitive, named Verifiable Consecutive One-way Function (VCOF). It allows one to generate a sequence of statement-witness pairs in a consecutive and verifiable way, and these statement-witness pairs are one-way, namely it is easy to compute a statement-witness pair by knowing any of the pre-generated pairs, but hard in an opposite flow. By using VCOF, a signer can produce a series of consecutive adaptor signatures CAS. We further propose the generic construction of consecutive adaptor signature as an important building block of MoNet. We develop a proof-of-concept implementation for MoNet, and our evaluation shows that MoNet can reach the same transaction throughput as Lightning Network, the payment channel network for Bitcoin. Moreover, we provide a security analysis of MoNet under the Universal Composable (UC) security framework.
Added by: Jack |
| Notes |
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Unfortunately, this relies on transaction chaining, and therefore is not applicable to Monero despite its intent (without a hardfork which does enable transaction chaining, such as the eventually planned Seraphis upgrade).
Added by: kayabaNerve Last edited by: Jack |