Research Article
Micropayments Interoperability with Blockchain and Off-Chain Data Store to Improve Transaction Throughputs
@INPROCEEDINGS{10.1007/978-3-031-06371-8_34, author={Azmi Amiruddin}, title={Micropayments Interoperability with Blockchain and Off-Chain Data Store to Improve Transaction Throughputs}, proceedings={Science and Technologies for Smart Cities. 7th EAI International Conference, SmartCity360°, Virtual Event, December 2-4, 2021, Proceedings}, proceedings_a={SMARTCITY}, year={2022}, month={6}, keywords={Blockchain Layer two Off-chain Scalability}, doi={10.1007/978-3-031-06371-8_34} }- Azmi Amiruddin
Year: 2022
Micropayments Interoperability with Blockchain and Off-Chain Data Store to Improve Transaction Throughputs
SMARTCITY
Springer
DOI: 10.1007/978-3-031-06371-8_34
Abstract
Layer2 (L2) techniques have emerged as promising scalability solutions to improve the quality of blockchains services, particularly to increase transaction throughputs. We instantiated a multilayered approach for our L2 scalability solution, composed of a node server, an off-chain data store, smart contracts (for state channel and payment network), and a REST API as an oracle. In the first release of our application, we demonstrated how state channel, payment network, and off-chain data stores allowed us to critically examine how scalability can be achieved by incorporating a state channel, payment network, and off-chain data control. We achieve flexibility and interoperability using proven standards (e.g., ERC-20 and EIP-1474), conducting a multivocal literature review, integrating existing approaches using a payment channel framework, and proposing efficient process execution to reduce on-chain transaction overheads using an off-chain data store mechanism. In return, the proposed solution can reduce on-chain transaction overheads by combining a novel framework that shifts interoperability among blockchains, state channels, payment networks, and off-chain data stores.
