CESC18: Liquidity.Network's NOCUST - A 2nd Layer Financial Intermediary - Arthur Gervais
Channel: San Francisco Blockchain Week
Date: 2018-11-11

We present a novel non-custodial 2nd-layer financial intermediary solution secure against double-spending that guarantees users control of funds through leveraging a smart contract enabled decentralized blockchain ledger as a means of dispute resolution. Two party payment channels networks have been proposed as building blocks for trust-free payments that do not exhaust the resources of the blockchain; however, they bear multiple fundamental limitations. NOCUST is a specification for secure N-party payment hubs with improved transaction utility, cheaper operational costs and leaner user enrollment.

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