Due to the growth of popularity in the fields of Internet of Things (IoT) and automation,
multitude of use cases for Machine to Machine (M2M) payments is expected emerge. Some …

Lightning Network (LN) is a layer-2 protocol that enables fast Bitcoin transaction processing.
However, it only works well for peer-to-peer micropayments, namely, small amount …

The bitcoin protocol [1] can encompass the global financial transaction volume in all
electronic payment systems today, without a single custodial 3rd party holding funds or …

Blockchain is a revolutionary, immutable database disrupting the finance industry with a
potential to provide payments in a secure environment, unhindered by intermediaries …

Randpay is a technology developed in Emercoin for blockchain micropayments that can be
more effective in some scenarios than the Lightning Network, as seen in the paper. The …

Bitcoin's success as a cryptocurrency enabled it to penetrate into many daily life
transactions. Its problems regarding the transaction fees and long validation times are …

Abstract The Lightning Network (LN) is a payment network deployed on top of Bitcoin. In the
LN, the payer and the payee do not need to have an open direct channel to transact: they …

Bitcoin has emerged as a revolutionary payment system with its decentralized ledger
concept; however it has significant problems such as high transaction fees and low …

Lightning Network (LN) addresses the scalability problem of Bitcoin by leveraging off-chain
transactions. Nevertheless, it is not possible to run LN on resource-constrained IoT devices …

Transactions on e-commerce platforms using blockchain technology are required to face
high volume of executing transactions and these systems are required to be scalable as …