Thunderdome: Timelock-Free Rationally-Secure Virtual Channels
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Presented at USENIX Security 2025 by
Payment channel networks (PCNs) offer a promising solution to address the limited transaction throughput of deployed blockchains. However, several attacks have recently been proposed that stress the vulnerability of PCNs to timelock and censoring attacks. To address such attacks, we introduce Thunderdome, the first timelock-free PCN. Instead, Thunderdome leverages the design rationale of virtual channels to extend a timelock-free payment channel primitive, thereby enabling multi-hop transactions without timelocks. Previous works either utilize timelocks or do not accommodate transactions between parties that do not share a channel.