Corpus ID: 219966811

MAD-HTLC: Because HTLC is Crazy-Cheap to Attack

@article{Tsabary2020MADHTLCBH,
  title={MAD-HTLC: Because HTLC is Crazy-Cheap to Attack},
  author={Itay Tsabary and Matan Yechieli and Ittay Eyal},
  journal={ArXiv},
  year={2020},
  volume={abs/2006.12031}
}
  • Itay Tsabary, Matan Yechieli, Ittay Eyal
  • Published 2020
  • Computer Science
  • ArXiv
  • Smart Contracts and transactions allow users to implement elaborate constructions on cryptocurrency blockchains like Bitcoin, Ethereum, and Libra. Many of these, including operational payment channels, use a building block called Hashed Time-Locked Contract (HTLC ). In this work, we distill from HTLC a specification (HTLCSpec), and present an implementation called Mutual-AssuredDestruction Hashed Time-Locked Contract (MAD-HTLC ). MADHTLC employs a novel approach of utilizing the existing… CONTINUE READING

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