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2022 | OriginalPaper | Chapter

Blockchain Intra- and Interoperability

Authors : Alexander Lipton, Thomas Hardjono

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

Publisher: Springer International Publishing

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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.

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Footnotes
1
Last year (2019), the Bitcoin protocol confirmed 100 million transactions. For doing so, it used more electricity than Denmark.
 
2
Consensus as a service is an end-to-end process ensuring the overall consistency of operations run on distributed ledgers.
 
3
Ethereum 2.0 is going to switch to a proof of stake (PoS) consensus algorithm.
 
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Metadata
Title
Blockchain Intra- and Interoperability
Authors
Alexander Lipton
Thomas Hardjono
Copyright Year
2022
DOI
https://doi.org/10.1007/978-3-030-81945-3_1