Online Public Access Catalogue (OPAC)
Library,Documentation and Information Science Division

“A research journal serves that narrow

borderland which separates the known from the unknown”

-P.C.Mahalanobis


Secure off-chain transactions in blockchain-based payment channel networks/ (Record no. 430795)

MARC details
000 -LEADER
fixed length control field 03907nam a2200301 4500
001 - CONTROL NUMBER
control field th564
003 - CONTROL NUMBER IDENTIFIER
control field ISI Library, Kolkata
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20240920111033.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 230816b |||||||| |||| 00| 0 eng d
040 ## - CATALOGING SOURCE
Original cataloging agency ISI Library
Language of cataloging English
082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER
Edition number 23
Classification number 332.1780285582
Item number M475
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Subhra Mazumdar
Relator term author
245 10 - TITLE STATEMENT
Title Secure off-chain transactions in blockchain-based payment channel networks/
Statement of responsibility, etc Subhra Mazumdar
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Kolkata:
Name of publisher, distributor, etc Indian Statistical Institute,
Date of publication, distribution, etc 2022
300 ## - PHYSICAL DESCRIPTION
Extent 187 pages,
502 ## - DISSERTATION NOTE
Dissertation note Thesis (Ph. D.) - Indian Statistical Insitute, 2022
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc Includes bibliography
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Introduction -- Preliminaries and Background -- Literature Survey -- HushRelay: A Scalable Routing Algorithm for Off-Chain Payments -- CryptoMaze: Privacy-Preserving Splitting of Off-Chain Payments -- Griefing-penalty: Countermeasure for Griefing Attack in Lightning Network -- Strategic Analysis of Griefing Attack in Lightning Network
508 ## - CREATION/PRODUCTION CREDITS NOTE
Creation/production credits note Guided by Prof. Sushmita Ruj and Prof. Bimal Kumar Roy
520 ## - SUMMARY, ETC.
Summary, etc Cryptocurrencies enable users to execute a financial transaction without relying on any third party. The use of Blockchain technology guarantees the security and immutability of transactions. Despite these features, blockchain-based financial transactions fail to compete with conventional payment systems like Visa, and PayPal, in terms of scalability. Layer 2 protocols built on top of blockchain solve the scaling difficulties that are faced by the major cryptocurrency networks. Payment Channel Network or PCN is one of the most widely deployed layer 2 protocols. Users are allowed to execute off-chain payments, leading to high throughput. PCN relies on the underlying blockchain for security. After studying the literature, we observed that routing and payment in PCN are the two most challenging tasks. The network is susceptible to attacks where malicious players can intentionally stall payments and eliminate their competitors from the network.<br/><br/>In this thesis, we propose an efficient privacy-preserving distributed routing algorithm HushRelay. Experimental analysis shows that our proposed routing algorithm has a higher success ratio and lower execution time compared to the state-of-the-art. Given a set of routes, we propose an atomic and privacy-preserving multi-path payment protocol, CryptoMaze. No honest intermediary<br/>loses funds in the process, ensuring balance security. We observe that CryptoMaze is quite efficient and the communication overhead is within feasible bounds. We discuss the griefing attack, a major vulnerability in Bitcoin’s PCN, and propose an efficient countermeasure for the attack, termed Griefing-Penalty. The penalty charged compensates parties who incurred loss by locking<br/>funds. We propose a new payment protocol HTLC-GP or Hashed Timelock Contract with Griefing-Penalty that demonstrates the utility of the countermeasure. Finally, we have analyzed griefing attacks in the network from a game-theoretic point of view and observed that HTLC-GP is weakly effective in disincentivizing the attacker in certain conditions. To further increase the cost of attack, we introduce the concept of guaranteed minimum compensation and integrate it into HTLC-GP. This modified payment protocol, HTLC-GP⇣ , considers the participants to act rationally. By experimenting on several real instances of PCN, we observed that HTLC-GP⇣ is better than HTLC-GP to counter griefing attacks.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Banking Services
General subdivision Computer Applications
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Secure Off-Chain Transactions
General subdivision Algorithms
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Blockchain-Based Transactions
General subdivision Cryptographic Applications
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Payment Channel Networks
General subdivision CryptoMaze
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Financial Transactions
General subdivision Blockchain Technology
Form subdivision Cryptocurrencies
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://dspace.isical.ac.in:8080/jspui/handle/10263/7350">http://dspace.isical.ac.in:8080/jspui/handle/10263/7350</a>
Link text Full Text
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type THESIS
Holdings
Lost status Not for loan Home library Current library Date acquired Full call number Accession Number Koha item type Public note
    ISI Library, Kolkata ISI Library, Kolkata 16/08/2023 332.1780285582 M475 TH564 THESIS E-Thesis. Guided by Prof. Sushmita Ruj and Bimal Kumar Roy
Library, Documentation and Information Science Division, Indian Statistical Institute, 203 B T Road, Kolkata 700108, INDIA
Phone no. 91-33-2575 2100, Fax no. 91-33-2578 1412, ksatpathy@isical.ac.in