Securing Wireless Payment-Channel Networks With Minimum Lock Time Windows

Payment-channel networks (PCN) enhance the impact of cryptocurrencies by providing a fast and consensus-free solution to the scalability problems of traditional blockchain protocols. However, PCNs often rely on powerful nodes with high availability, large storage capacity, and strong computational power, which hinders their adoption in mobile environments. In this paper, we consider a PCN architecture that extends the functionalities of traditional PCNs to wireless resource-constrained devices. We address the token theft problem, a vulnerability that is critical on wireless PCNs, and propose a countermeasure based on minimum time windows that lock tokens whenever a user disconnects. We evaluate our proposal with real data from Bitcoin’s Lightning Network and 3G/4G mobile broadband networks. The results show that the countermeasure is most effective when devices present high availability and that there is a security-efficiency trade-off when connectivity is low.