skip to content
Decrypt LOL

Get Cyber-Smart in Just 5 Minutes a Week

Decrypt delivers quick and insightful updates on cybersecurity. No spam, no data sharing—just the info you need to stay secure.

Read the latest edition

Thunderdome Introduces Timelock-Free Payment Channel Solution

/ 1 min read

🌩️ Thunderdome introduces a timelock-free solution for secure payment channel networks. The new protocol, designed to enhance transaction throughput in blockchain systems, addresses vulnerabilities associated with timelock and censoring attacks. Thunderdome utilizes virtual channels and a committee of non-trusted watchtowers, or wardens, to protect funds during channel closures, even when participants are offline. The protocol incorporates incentive mechanisms to ensure compliance among users and includes a formal game-theoretic analysis to validate its security under rational behavior. A proof of concept implemented on Ethereum shows that the cost of deploying Thunderdome is approximately $15, with a worst-case channel closure cost of about $7, demonstrating its feasibility and economic viability.

Source
{entry.data.source.title}
Original