Research Article
A New Way of Mobile Energy Trading
@INPROCEEDINGS{10.1007/978-3-030-89814-4_9, author={Chaoyue Tan and Yuling Chen and Xiaojun Ren and Changgen Peng}, title={A New Way of Mobile Energy Trading}, proceedings={Mobile Multimedia Communications. 14th EAI International Conference, Mobimedia 2021, Virtual Event, July 23-25, 2021, Proceedings}, proceedings_a={MOBIMEDIA}, year={2021}, month={11}, keywords={Blockchain Lightning network Mobile energy trading Off-blockchain Transaction latency}, doi={10.1007/978-3-030-89814-4_9} }- Chaoyue Tan
Yuling Chen
Xiaojun Ren
Changgen Peng
Year: 2021
A New Way of Mobile Energy Trading
MOBIMEDIA
Springer
DOI: 10.1007/978-3-030-89814-4_9
Abstract
Current blockchain-based energy trading models raise serious concerns regarding the high and capped transaction latency and expensive service charges. In this study, a mobile energy trading scheme based on lightning network is presented. The focal point of the scheme lies in transfer of value occurs off-blockchain, which addresses the problem of transaction latency. Micropayment channels create a communication between two parties to update balances constantly, deferring what is broadcast to the blockchain in a single transaction netting out the total balance between those two parties. The found security is guaranteed by committing funds into a multisignature address. Additionally, a security analysis is conducted within the context of the proposed model to identify potential vulnerabilities.
