[{"department":[{"_id":"KrPi"}],"publication_identifier":{"eissn":["2575-8411"],"isbn":["9798350339864"]},"author":[{"first_name":"Zeta","last_name":"Avarikioti","full_name":"Avarikioti, Zeta"},{"first_name":"Tomasz","last_name":"Lizurej","full_name":"Lizurej, Tomasz"},{"last_name":"Michalak","full_name":"Michalak, Tomasz","first_name":"Tomasz"},{"first_name":"Michelle X","id":"2D82B818-F248-11E8-B48F-1D18A9856A87","full_name":"Yeo, Michelle X","last_name":"Yeo"}],"year":"2023","conference":{"start_date":"2023-07-18","location":"Hong Kong, China","end_date":"2023-07-21","name":"ICDCS: International Conference on Distributed Computing Systems"},"oa_version":"Preprint","arxiv":1,"doi":"10.1109/ICDCS57875.2023.00037","day":"11","publisher":"IEEE","language":[{"iso":"eng"}],"status":"public","publication_status":"published","abstract":[{"lang":"eng","text":"Payment channel networks (PCNs) are a promising solution to the scalability problem of cryptocurrencies. Any two users connected by a payment channel in the network can theoretically send an unbounded number of instant, costless transactions between them. Users who are not directly connected can also transact with each other in a multi-hop fashion. In this work, we study the incentive structure behind the creation of payment channel networks, particularly from the point of view of a single user that wants to join the network. We define a utility function for a new user in terms of expected revenue, expected fees, and the cost of creating channels, and then provide constant factor approximation algorithms that optimise the utility function given a certain budget. Additionally, we take a step back from a single user to the whole network and examine the parameter spaces under which simple graph topologies form a Nash equilibrium."}],"quality_controlled":"1","type":"conference","citation":{"ista":"Avarikioti Z, Lizurej T, Michalak T, Yeo MX. 2023. Lightning creation games. 43rd International Conference on Distributed Computing Systems. ICDCS: International Conference on Distributed Computing Systems vol. 2023, 603–613.","mla":"Avarikioti, Zeta, et al. “Lightning Creation Games.” <i>43rd International Conference on Distributed Computing Systems</i>, vol. 2023, IEEE, 2023, pp. 603–13, doi:<a href=\"https://doi.org/10.1109/ICDCS57875.2023.00037\">10.1109/ICDCS57875.2023.00037</a>.","chicago":"Avarikioti, Zeta, Tomasz Lizurej, Tomasz Michalak, and Michelle X Yeo. “Lightning Creation Games.” In <i>43rd International Conference on Distributed Computing Systems</i>, 2023:603–13. IEEE, 2023. <a href=\"https://doi.org/10.1109/ICDCS57875.2023.00037\">https://doi.org/10.1109/ICDCS57875.2023.00037</a>.","ama":"Avarikioti Z, Lizurej T, Michalak T, Yeo MX. Lightning creation games. In: <i>43rd International Conference on Distributed Computing Systems</i>. Vol 2023. IEEE; 2023:603-613. doi:<a href=\"https://doi.org/10.1109/ICDCS57875.2023.00037\">10.1109/ICDCS57875.2023.00037</a>","ieee":"Z. Avarikioti, T. Lizurej, T. Michalak, and M. X. Yeo, “Lightning creation games,” in <i>43rd International Conference on Distributed Computing Systems</i>, Hong Kong, China, 2023, vol. 2023, pp. 603–613.","short":"Z. Avarikioti, T. Lizurej, T. Michalak, M.X. Yeo, in:, 43rd International Conference on Distributed Computing Systems, IEEE, 2023, pp. 603–613.","apa":"Avarikioti, Z., Lizurej, T., Michalak, T., &#38; Yeo, M. X. (2023). Lightning creation games. In <i>43rd International Conference on Distributed Computing Systems</i> (Vol. 2023, pp. 603–613). Hong Kong, China: IEEE. <a href=\"https://doi.org/10.1109/ICDCS57875.2023.00037\">https://doi.org/10.1109/ICDCS57875.2023.00037</a>"},"month":"10","title":"Lightning creation games","date_updated":"2023-11-30T10:54:51Z","date_published":"2023-10-11T00:00:00Z","article_processing_charge":"No","page":"603-613","publication":"43rd International Conference on Distributed Computing Systems","date_created":"2023-11-05T23:00:54Z","external_id":{"arxiv":["2306.16006"]},"_id":"14490","volume":2023,"related_material":{"record":[{"id":"14506","status":"public","relation":"dissertation_contains"}]},"main_file_link":[{"url":"https://doi.org/10.48550/arXiv.2306.16006","open_access":"1"}],"user_id":"2DF688A6-F248-11E8-B48F-1D18A9856A87","acknowledgement":"The work was partially supported by the Austrian Science Fund (FWF) through the project CoRaF (grant 2020388). It was also partially supported by NCN Grant 2019/35/B/ST6/04138 and ERC Grant 885666.","oa":1,"intvolume":"      2023","scopus_import":"1"}]