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Cryptocurrency Solutions to Enable Micropayments in Consumer IoT

IEEE CONSUMER ELECTRONICS MAGAZINE (2022)

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Proceedings Paper Computer Science, Information Systems

Enabling Micro-payments on IoT Devices using Bitcoin Lightning Network

Ahmet Kurt et al.

Summary: This paper proposes a protocol that allows IoT devices to utilize LN functions through a gateway LN node in a secure and efficient manner. The idea involves replacing multi-signature channels to enable IoT devices to participate in LN operations. The research evaluated the proposed protocol by implementing it on a Raspberry Pi for toll payment scenario and demonstrated its feasibility and security.

2021 IEEE INTERNATIONAL CONFERENCE ON BLOCKCHAIN AND CRYPTOCURRENCY (ICBC) (2021)

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Article Computer Science, Hardware & Architecture