Privacy-Preserving Optimal Recovering for the Nearly Exhausted Payment Channels

Abstract

Payment Channel Network (PCN) is one of the most promising technologies for scaling the capacity of blockchain-based cryptocurrencies and improving the quality of blockchain-based services. However, during the use of PCNs, a significant portion of the payment channels gradually become exhausted, which triggers additional consumption of on-chain resources and makes PCNs less useful. This is a fundamental problem for blockchain-based cryptocurrencies, worthy of a thorough investigation.In this paper, we propose OPRE, a protocol for OPtimal off-chain REcovering of payment channels, to solve this problem. It is optimal in that it recovers the maximum number of nearly exhausted channels in the PCN. Furthermore, we consider users’ privacy concerns and design a privacy-preserving version of this protocol, so that users’ balance information does not need to be revealed. This protocol maintains optimality in recovering payment channels while providing cryptographically strong privacy guarantee. In addition to the theoretical design and analysis, we also implement OPRE and experimentally evaluate its performance. The results show that the OPRE protocol is both efficient and effective.