Abstract:Blockchain has received increasing attention in academia and industry. However, the increasing transaction volumes and limited on-chain storage underscore scalability as a key challenge hindering the widespread adoption of blockchain. Fortunately, off-chain networks that enable transactions outside the blockchain show promising potential to mitigate the scalability challenge. Off-chain solutions that address blockchain scalability hurdles, such as payment channel networks, facilitate
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Tags: academia, payment, chain, networks, arxiv, Industry, Technologies, Blockchain, storage, Transactions, Challenges, channel, Key, challenge, survey
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