International Association for Cryptologic Research

International Association
for Cryptologic Research

IACR News item: 07 November 2022

Kari Kostiainen, Sven Gnap, Ghassan Karame
ePrint Report ePrint Report
Permissionless blockchains are too slow for applications like point-of-sale payments. While several techniques have been proposed to speed up blockchain payments, none of them are satisfactory for application scenarios like retail shopping. In particular, existing solutions like payment channels require users to lock up significant funds and schemes based on pre-defined validators enable easy transaction censoring. In this paper, we develop Quicksilver, the first blockchain payment scheme that works with practical collaterals and is fast, censorship-resilient, and confidential at the same time.We implement Quicksilver for EVM-compatible chains and show that censoring-resilient payments are fast and affordable on currently popular blockchains platforms like Ethereum and Polygon.
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