Efficient Micropayment of Cryptocurrency from Blockchains
Efficient Micropayment of Cryptocurrency from Blockchains
复制标题
来自区块链的加密货币的高效小额支付
DOI:
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发表时间:
2018
期刊:
影响因子:
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通讯作者:
Y. Mu
中科院分区:
文献类型:
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作者:
F. Rezaeibagha;Y. Mu
Cryptocurrencies based on blockchain infrastructures have shown their advantages such as double-spending resistance and decentralization. Each transaction of cryptocurrency requires a certain amount of computation and attracts transaction fees. Often, in practice, many transactions are small; therefore, they add computation and transmission overheads to the system. In this paper, we introduce a cost-saving approach, which significantly reduces transaction time and storage for small amount of payment, i.e. micropayment. In our approach, with the notion of ‘transaction commitment’, the computation of each transaction is much more efficient. Therefore, our approach has advantages in comparison of other cryptocurrency systems such as the bitcoin system. Our approach can be applied to other existing cryptocurrency systems.