nach oben

Erschienen in:

2022 | OriginalPaper | Buchkapitel

Blockchain Intra- and Interoperability

verfasst von : Alexander Lipton, Thomas Hardjono

Erschienen in: Innovative Technology at the Interface of Finance and Operations

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

We introduce blockchains and distributed ledgers and study their intra- and interoperability. Blockchain intraoperability allows one to swap different assets defined on the same blockchain supporting smart contracts. Blockchain interoperability enables one to exchange or move assets residing on different blockchains. Finding practical mechanisms for intra- and interoperability is of paramount importance for the ultimate success of blockchain technology. We recommend using automated market makers for intraoperability and gateways and atomic swaps for interoperability.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Nächstes Kapitel Distributed Ledger Technology and Fully Homomorphic Encryption: Next-Generation Information-Sharing for Supply Chain Efficiency

Last year (2019), the Bitcoin protocol confirmed 100 million transactions. For doing so, it used more electricity than Denmark.

Consensus as a service is an end-to-end process ensuring the overall consistency of operations run on distributed ledgers.

Ethereum 2.0 is going to switch to a proof of stake (PoS) consensus algorithm.

Angeris, G., Kao, H. T., Chiang, R., Noyes, C., Chitra, & T. (2019). An analysis of Uniswap markets. https://arxiv.org/abs/1911.03380

Ankenbrand, T., Bieri, D., Cortivo, R., Hoehener, J., & Hardjono, T. (2020). Proposal for a Comprehensive (Crypto) Asset Taxonomy . https://arxiv.org/abs/2007.11877 CrossRef

Bartel, M., Boyer, J., Fox, B., LaMacchia, B., & Simon, E. (2015). XML Signature Syntax and Processing Version 2.0. W3C Candidate Recommendation, W3C (2015). Available at http://www.w3.org/TR/2015/NOTE-xmldsig-core2-20150723/

BBC News (2017). CryptoKitties craze slows down transactions on Ethereum. BBC News . https://www.bbc.com/news/technology-42237162

Cerf, V. G., & Khan, R. E. (1974). A protocol for packet n etwork intercommunication. IEEE Transactions on C ommunications, 22, 637–648.CrossRef

Clark, D. (1988). The design philosophy of the DARPA i nternet protocols. ACM Computer Communication Review – Proc SIGCOMM 88, 18(4), 106–114.CrossRef

Egorov, M. (2019). StableSwap - efficient mechanism for Stablecoin liquidity. White paper.

Ezhilchelvan, P., Aldweesh, A., van Moorsel, A. (2018). Non-blocking two phase commit using blockchain. In Proceedings of the 1st Workshop on Cryptocurrencies and Blockchains for Distributed Systems (CryBlock’18) (pp. 36–41). New York: Association for Computing Machinery. https://doi.org/10.1145/3211933.3211940 CrossRef

FATF (2018). International standards on combating money laundering and the financing of terrorism and p roliferation. FATF Revision of Recommendation 15, Financial Action Task Force (FATF) . Available at: http://www.fatf-gafi.org/publications/fatfrecommendations/documents/fatf-recommendations.html

Godbole, O. (2020). Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally. Coindesk https://www.coindesk.com/bitcoin-transaction-fees-hashrate

Gogo, J. (2020). Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper. Bitcoin.com. https://news.bitcoin.com/bitcoin-transaction-fees-soar-550-in-a-month-as-price-surges-bch-dash-cheapest-networks

Gray, J. (1981). The transaction concept: Virtues and limitations. In Very Large Data Bases – Proceedings of the 7th International Conference (pp. 144–154). Cannes, France

Gupta, M. (2017). Blockchain for DUMMIES. Wiley.

Hardjono, T., Hargreaves, M., & Smith, N. (2020). An Interoperability Architecture for Blockchain Gateways. Internet-draft draft-hardjono-blockchain-interop-arch-01, IETF . https://www.ietf.org/archive/id/draft-hardjono-blockchain-interop-arch-01.txt

Hardjono, T., Lipton, A., & Pentland, A. (2019). Towards an interoperability architecture blockchain autonomous systems. IEEE Transactions on Engineering Management, 67(4), 1298–1309. https://doi.org/10.1109/TEM.2019.2920154 CrossRef

Hardjono, T., Lipton, A., & Pentland, A. (2020). Towards a contract service provider model for virtual assets and VASPs. In P2P Financial Systems International Workshop 2020 . https://arxiv.org/abs/2009.07413

Hardjono, T., & Smith, N. (2019). Decentralized t rusted computing base for blockchain infrastructure security. Frontiers Journal - Special Issue on Finance, Money & Blockchains, 2. https://doi.org/10.3389/fbloc.2019.00024

Hargreaves, M., Hardjono, T. (2020). Open Digital Asset Protocol. Internet-draft draft-hargreaves-odap-01 , IETF. https://www.ietf.org/archive/id/draft-hargreaves-odap-01.txt

Heaven, W. D. (2020). A plan to redesign the internet could make apps that no one controls. MIT Technology Review. https://www.technologyreview.com/2020/07/01/1004725/redesign-internet-apps-no-one-controls-data-privacy-innovation-cloud/

Herlihy, M. (2018). Atomic cross-chain swaps. In Proceedings of the ACM Symposium on Principles of Distributed Computing PODC’18 (pp. 245–254). New York, NY: Association for Computing Machinery. https://dl.acm.org/doi/pdf/10.1145/3212734.3212736 CrossRef

Huang, Z. (2020). China-backed crypto guru wants to unify world’s blockchain. Bloomberg. https://www.bloomberg.com/news/articles/2020-07-26/china-backed-crypto-guru-wants-to-unify-the-world-s-blockchains

Jones, M., Bradley, J., & Sakimura, N. (2017). JSON Web Signature (JWS) . IETF Standard RFC7515 https://tools.ietf.org/html/rfc7515

Lipton, A., & Treccani, A. (2021). Blockchain and distributed ledgers: Mathematics, technology, and economics. WSPC, Singapore.

Martin, J. (2020). Dfinity’s Internet Computer Could Be a Truly Decentralized Alternative. Cointelegraph. https://cointelegraph.com/news/dfinitys-internet-computer-could-be-a-truly-decentralized-alternative

Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system.

Nolan, T. (2013). Alt chains and atomic transfers. https://bitcointalk.org/index.php?topic=193281.msg2224949-msg2224949

Saltzer, J., Reed, D., & Clark, D. (1984). End-to-end arguments in system design. ACM Transactions on Computer Systems, 2(4), 277–288.CrossRef

Schär, F. (2020). Decentralized finance: On blockchain-and smart contract-based financial markets. Available at SSRN 3571335.

Shevchenko, A. (2020). Using a DeFi protocol now costs more than $50 as Ethereum fees skyrocket. Cointelegraph (2020). https://cointelegraph.com/news/using-a-defi-protocol-now-costs-more-than-50-as-ethereum-fees-skyrocket

Traiger, I. L., Gray, J., Galtieri, C. A., & Lindsay, B. G. (1982). Transactions and consistency in distributed database systems. ACM Transactions on Database Systems (TODS), 7(3), 323–342.CrossRef

US Congress (2000). Electronic signatures in global and national commerce act.

Whittemore, N. (2020). JPMorgan launches JPM coin: Welcome to the private currency Era. Coindesk. https://www.coindesk.com/jpmorgan-launches-jpm-coin-private-currency

Zakhary, V., Agrawal, D., & Abbadi, A. E. (2019). Atomic Commitment Across Blockchains. https://arxiv.org/pdf/1905.02847.pdf

Zhang, Y., Chen, X., & Park, D. (2018). Formal specification of constant product (xy= k) market maker model and implementation. White paper.

Titel: Blockchain Intra- and Interoperability
verfasst von: Alexander Lipton
Thomas Hardjono
Verlag: Springer International Publishing
Buch: Innovative Technology at the Interface of Finance and Operations
Print ISBN: 978-3-030-81944-6

Electronic ISBN: 978-3-030-81945-3

Copyright-Jahr: 2022
DOI: https://doi.org/10.1007/978-3-030-81945-3_1

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Premium Partner