64 research outputs found

    Ant routing algorithm for the Lightning Network

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    We propose a decentralized routing algorithm that can be implemented in Bitcoin Lightning Network. All nodes in the network contribute equally to path searching. The algorithm is inspired from ant path searching algorithms.Comment: 10 pages, 1 figur

    Pre-torsors and Galois comodules over mixed distributive laws

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    We study comodule functors for comonads arising from mixed distributive laws. Their Galois property is reformulated in terms of a (so-called) regular arrow in Street's bicategory of comonads. Between categories possessing equalizers, we introduce the notion of a regular adjunction. An equivalence is proven between the category of pre-torsors over two regular adjunctions (NA,RA)(N_A,R_A) and (NB,RB)(N_B,R_B) on one hand, and the category of regular comonad arrows (RA,ξ)(R_A,\xi) from some equalizer preserving comonad C{\mathbb C} to NBRBN_BR_B on the other. This generalizes a known relationship between pre-torsors over equal commutative rings and Galois objects of coalgebras.Developing a bi-Galois theory of comonads, we show that a pre-torsor over regular adjunctions determines also a second (equalizer preserving) comonad D{\mathbb D} and a co-regular comonad arrow from D{\mathbb D} to NARAN_A R_A, such that the comodule categories of C{\mathbb C} and D{\mathbb D} are equivalent.Comment: 34 pages LaTeX file. v2: a few typos correcte

    The Pricing Behaviour of Firms in the Euro Area: New Survey Evidence

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    Stateless Distributed Ledgers

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    In public distributed ledger technologies (DLTs), such as Blockchains, nodes can join and leave the network at any time. A major challenge occurs when a new node joining the network wants to retrieve the current state of the ledger. Indeed, that node may receive conflicting information from honest and Byzantine nodes, making it difficult to identify the current state. In this paper, we are interested in protocols that are stateless, i.e., a new joining node should be able to retrieve the current state of the ledger just using a fixed amount of data that characterizes the ledger (such as the genesis block in Bitcoin). We define three variants of stateless DLTs: weak, strong, and probabilistic. Then, we analyze this property for DLTs using different types of consensus
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