Ride the Lightning: The Game Theory of Payment Channels
Ride the Lightning: The Game Theory of Payment Channels
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乘风破浪:支付渠道的博弈论
DOI:
10.1007/978-3-030-51280-4_15
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发表时间:
2019
期刊:
影响因子:
3.7
通讯作者:
Roger Wattenhofer
中科院分区:
文献类型:
--
作者:
Zeta Avarikioti;Lioba Heimbach;Yuyi Wang;Roger Wattenhofer
Payment channels were introduced to solve various eminent cryptocurrency scalability issues. Multiple payment channels build a network on top of a blockchain, the so-called layer 2. In this work, we analyze payment networks through the lens of network creation games. We identify betweenness and closeness centrality as central concepts regarding payment networks. We study the topologies that emerge when players act selfishly and determine the parameter space in which they constitute a Nash equilibrium. Moreover, we determine the social optima depending on the correlation of betweenness and closeness centrality. When possible, we bound the price of anarchy. We also briefly discuss the price of stability.