Journal article
Efficient micropayment of cryptocurrency from Blockchains
The Computer Journal, Vol.62(4), pp.507-517
2018
Abstract
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.
Details
- Title
- Efficient micropayment of cryptocurrency from Blockchains
- Authors/Creators
- F. Rezaeibagha (Author/Creator)Y. Mu (Author/Creator)J-H Cho (Author/Creator)
- Publication Details
- The Computer Journal, Vol.62(4), pp.507-517
- Publisher
- Oxford University Press
- Identifiers
- 991005541194407891
- Copyright
- © 2018 British Computer Society
- Murdoch Affiliation
- Murdoch University
- Language
- English
- Resource Type
- Journal article
Metrics
26 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Collaboration types
- Domestic collaboration
- International collaboration
- Citation topics
- 4 Electrical Engineering, Electronics & Computer Science
- 4.187 Security Systems
- 4.187.2766 Blockchain
- Web Of Science research areas
- Computer Science, Hardware & Architecture
- Computer Science, Information Systems
- Computer Science, Software Engineering
- Computer Science, Theory & Methods
- ESI research areas
- Computer Science