An Efficient Virtual Channel Scheme Based on Multi-hop Payment Channel

The transaction throughput and confirmation time of the current mainstream blockchain cryptocurrency platform are far lower than those of traditional centralized trading platforms, which is difficult to meet the growing needs of users. Therefore, this paper proposes an efficient multi-hop off-chain Virtual Channel (VC) payment scheme to improve the confirmation speed of transactions by performing high-frequency and small transactions off-chain. The proposed scheme constructs a virtual channel scheme with dynamic selection [1], [2] through Hash Time-Lock Contract (HTLC) and constant collateral, and closes the virtual channel through on-chain settlement to ensure the balance security and atomicity of transactions. The proposed VC scheme is suitable for multi-hop Payment Channel (PC) networks, after the VC construction is completed, the transaction initiator and receiver directly conduct transactions through the virtual channel, ensuring the privacy of the transaction. Experimental analysis shows that the proposed scheme can resist a variety of malicious attacks and realize a rapid and safe transaction process.