Off-chain Anonymous Payment Channel Scheme based on Mimblewimble

Zhenyu Guan; Lixin Zhang; Yingpeng Zhang; Dawei Li; Yu Sun; Jian Cui

doi:10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198

Off-chain Anonymous Payment Channel Scheme based on Mimblewimble

Zhenyu Guan
, Lixin Zhang
, Yingpeng Zhang
, Dawei Li^*
, Yu Sun
, Jian Cui

^*Corresponding author for this work

School of Cyber Science and Technology

Beihang University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Scopus citations

Abstract

Mimblewimble, proposed by an anonymous author in 2016, combines several privacy protection technologies to enhance the Bitcoin blockchain. However, Mimblewimble does not support fast micropayments, and there are still problems such as high transaction fees and poor scalability. The payment channel allows all parties to perform transactions off-chain while maintaining the security of transactions on-chain to reduce the burden of the blockchain. It has been used in the Lightning Network to expand the blockchain. On the basis of Mimblewimble, our paper exploits a method of adding a random blinding factor to the amount of additively homomorphic commitments, and describes a scheme of using payment channels for fast off-chain transactions. The scheme can implement fast off-chain payments and improve scalability while protecting transaction privacy.

Original language	English
Title of host publication	19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	1469-1475
Number of pages	7
ISBN (Electronic)	9781665435741
DOIs	https://doi.org/10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198
State	Published - 2021
Event	19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021 - New York, United States Duration: 30 Sep 2021 → 3 Oct 2021

Publication series

Name	19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021

Conference

Conference	19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021
Country/Territory	United States
City	New York
Period	30/09/21 → 3/10/21

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

Mimblewimble
Payment channel
Privacy
Scalability

Access to Document

10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198

Cite this

Guan, Z., Zhang, L., Zhang, Y., Li, D., Sun, Y., & Cui, J. (2021). Off-chain Anonymous Payment Channel Scheme based on Mimblewimble. In 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021 (pp. 1469-1475). (19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198

Guan, Zhenyu ; Zhang, Lixin ; Zhang, Yingpeng et al. / Off-chain Anonymous Payment Channel Scheme based on Mimblewimble. 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021. Institute of Electrical and Electronics Engineers Inc., 2021. pp. 1469-1475 (19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021).

@inproceedings{bc2d093912774b8a924dd6fa43c64fcc,

title = "Off-chain Anonymous Payment Channel Scheme based on Mimblewimble",

abstract = "Mimblewimble, proposed by an anonymous author in 2016, combines several privacy protection technologies to enhance the Bitcoin blockchain. However, Mimblewimble does not support fast micropayments, and there are still problems such as high transaction fees and poor scalability. The payment channel allows all parties to perform transactions off-chain while maintaining the security of transactions on-chain to reduce the burden of the blockchain. It has been used in the Lightning Network to expand the blockchain. On the basis of Mimblewimble, our paper exploits a method of adding a random blinding factor to the amount of additively homomorphic commitments, and describes a scheme of using payment channels for fast off-chain transactions. The scheme can implement fast off-chain payments and improve scalability while protecting transaction privacy.",

keywords = "Mimblewimble, Payment channel, Privacy, Scalability",

author = "Zhenyu Guan and Lixin Zhang and Yingpeng Zhang and Dawei Li and Yu Sun and Jian Cui",

note = "Publisher Copyright: {\textcopyright} 2021 IEEE.; 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021 ; Conference date: 30-09-2021 Through 03-10-2021",

year = "2021",

doi = "10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198",

language = "英语",

series = "19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

pages = "1469--1475",

booktitle = "19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021",

address = "美国",

}

Guan, Z, Zhang, L, Zhang, Y, Li, D, Sun, Y & Cui, J 2021, Off-chain Anonymous Payment Channel Scheme based on Mimblewimble. in 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021. 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021, Institute of Electrical and Electronics Engineers Inc., pp. 1469-1475, 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021, New York, United States, 30/09/21. https://doi.org/10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198

Off-chain Anonymous Payment Channel Scheme based on Mimblewimble. / Guan, Zhenyu; Zhang, Lixin; Zhang, Yingpeng et al.
19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021. Institute of Electrical and Electronics Engineers Inc., 2021. p. 1469-1475 (19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Off-chain Anonymous Payment Channel Scheme based on Mimblewimble

AU - Guan, Zhenyu

AU - Zhang, Lixin

AU - Zhang, Yingpeng

AU - Li, Dawei

AU - Sun, Yu

AU - Cui, Jian

PY - 2021

Y1 - 2021

N2 - Mimblewimble, proposed by an anonymous author in 2016, combines several privacy protection technologies to enhance the Bitcoin blockchain. However, Mimblewimble does not support fast micropayments, and there are still problems such as high transaction fees and poor scalability. The payment channel allows all parties to perform transactions off-chain while maintaining the security of transactions on-chain to reduce the burden of the blockchain. It has been used in the Lightning Network to expand the blockchain. On the basis of Mimblewimble, our paper exploits a method of adding a random blinding factor to the amount of additively homomorphic commitments, and describes a scheme of using payment channels for fast off-chain transactions. The scheme can implement fast off-chain payments and improve scalability while protecting transaction privacy.

AB - Mimblewimble, proposed by an anonymous author in 2016, combines several privacy protection technologies to enhance the Bitcoin blockchain. However, Mimblewimble does not support fast micropayments, and there are still problems such as high transaction fees and poor scalability. The payment channel allows all parties to perform transactions off-chain while maintaining the security of transactions on-chain to reduce the burden of the blockchain. It has been used in the Lightning Network to expand the blockchain. On the basis of Mimblewimble, our paper exploits a method of adding a random blinding factor to the amount of additively homomorphic commitments, and describes a scheme of using payment channels for fast off-chain transactions. The scheme can implement fast off-chain payments and improve scalability while protecting transaction privacy.

KW - Mimblewimble

KW - Payment channel

KW - Privacy

KW - Scalability

UR - https://www.scopus.com/pages/publications/85124123191

U2 - 10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198

DO - 10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198

M3 - 会议稿件

AN - SCOPUS:85124123191

T3 - 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021

SP - 1469

EP - 1475

BT - 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021

Y2 - 30 September 2021 through 3 October 2021

ER -

Guan Z, Zhang L, Zhang Y, Li D, Sun Y , Cui J. Off-chain Anonymous Payment Channel Scheme based on Mimblewimble. In 19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021. Institute of Electrical and Electronics Engineers Inc. 2021. p. 1469-1475. (19th IEEE International Symposium on Parallel and Distributed Processing with Applications, 11th IEEE International Conference on Big Data and Cloud Computing, 14th IEEE International Conference on Social Computing and Networking and 11th IEEE International Conference on Sustainable Computing and Communications, ISPA/BDCloud/SocialCom/SustainCom 2021). doi: 10.1109/ISPA-BDCloud-SocialCom-SustainCom52081.2021.00198

Off-chain Anonymous Payment Channel Scheme based on Mimblewimble

Abstract

Publication series

Conference

UN SDGs

Keywords

Access to Document

Other files and links

Fingerprint

Cite this