• Corpus ID: 26535415

PERUN: Virtual Payment Channels over Cryptographic Currencies

@article{Dziembowski2017PERUNVP,
  title={PERUN: Virtual Payment Channels over Cryptographic Currencies},
  author={Stefan Dziembowski and Lisa Eckey and Sebastian Faust and Daniel Malinowski},
  journal={IACR Cryptol. ePrint Arch.},
  year={2017},
  volume={2017},
  pages={635}
}
Payment channels emerged recently as an efficient method for performing cheap micropayment transactions in cryptographic currencies. In contrast to the traditional on-chain transactions, payment channels have the advantage that they allow nearly unlimited number of transactions between parties without involving the blockchain. In this work, we introduce Perun, a new system for payment and state channels over cryptographic currencies, that has several advantages over the existing proposals. In… 
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