Explore the concept of off-chain protocols as a solution to cryptocurrency scalability challenges in this 25-minute ACM conference talk. Delve into payment channels, smart contracts, and ledger state channels before examining virtual state channels in depth. Understand the motivation behind longer channels, dispute resolution, and time complexity issues. Analyze the universal composability model and its application. Conclude with an overview of current challenges and future directions for improving blockchain technology scalability.
Overview
Syllabus
Introduction
Payment channel
Smart contracts
Ledger State Channels
Virtual State Channels
Summary
Functionality
Contract Execution
Virtual State Channel
Motivation
Longer Channels
Dispute
Time Complexity
Challenges
Universal composability model
How does this work
Conclusion
Questions
Taught by
Association for Computing Machinery (ACM)
