PathShuffle: Credit Mixing and Anonymous Payments for Ripple $ $ $ $ $ Pedro Moreno-Sanchez Aniket Kate Tim Ruffing Purdue University Purdue University Saarland University Credit (or IOU Settlement) Networks: Basics 2 Credit (or IOU Settlement) Networks: Basics Transactions in the real world Dinner Aniket Pedro IOweYou $40 Aniket Pedro 2 Credit (or IOU Settlement) Networks: Basics Transactions in the real world A credit network representation Pedro Dinner 40 Aniket Pedro Aniket IOweYou $40 Aniket Pedro 2 Credit (or IOU Settlement) Networks: Basics Transactions in the real world A credit network representation Pedro Dinner 40 Aniket Pedro Aniket IOweYou $40 Aniket Pedro During a visit from Antonio Beer Aniket Antonio IOweYou $10 Aniket Antonio 2 Credit (or IOU Settlement) Networks: Basics Transactions in the real world A credit network representation Pedro Dinner 40 Aniket Pedro Aniket IOweYou $40 1 0 Aniket Pedro During a visit from Antonio Beer Antonio Aniket Antonio IOweYou $10 Aniket Antonio 2 Credit (or IOU Settlement) Networks: Basics Transactions in the real world A credit network representation Pedro Dinner 4500 Aniket Pedro Aniket IOweYou $40 1 0 Aniket Pedro During a visit from Antonio Beer Antonio Aniket Antonio IOweYou $10 Aniket Antonio 2 Ripple Credit Network: an Example of Transaction Bob Alice 1 0 Eve 20 05 5 1 15 1 40 Carol Dave 3 Ripple Credit Network: an Example of Transaction 15 Bob Alice 1 0 Eve 20 05 5 1 15 1 40 Carol Dave 3 Ripple Credit Network: an Example of Transaction 15 Bob Alice 1 0 Eve 20 05 5 1 15 1 40 Carol Dave 3