Cross blockchain transactions




Cross blockchain transactions
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Blockchains offer an immutable, decentralized, and encrypted mechanism for transaction processing. Nonetheless, realized by its first widely-used application Bitcoin , blockchain was not originally designed for OLTP workloads; instead, it aimed to offer an autonomous

Caught in chains: claim-first transactions for cross blockchain asset transfers
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Blockchains, the fundamental technology upon which cryptocurrencies are implemented, have gained considerable interest in finance, economics, and research. Nevertheless, the numerous blockchains in existence remain mostly unconnected, with no possibilities for

Cross Blockchain Technologies: Review, State of the Art, and Outlook
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In light of cross blockchain technologies, USDT, using OmniLayer, represents what we have on top of the Bitcoin blockchain: OmniLayer transactions are regular Bitcoin transactions on top Nodes unaware of the OmniLayer transaction details simply ignore this additional data

Towards Cross Blockchain Transaction Verifications
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Interoperability between blockchains remains an open problem with current interoperability approaches providing very limited means of cross blockchain interaction. In particular, current solutions for cross blockchain token transfers suffer from limitations such as

Preparing Simplified Payment Verifications for Cross Blockchain Token Transfers
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are able to query a destination (block)chain B whether a certain transaction tx has occurred on some source (block)chain A. The ability to verify transactions across blockchains in a way that requires no trust in a third party paves the way for cross blockchain applications such as

Towards Efficient Cross Blockchain Token Transfers
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B. Challenges For approach 2 to realize cross blockchain token transfers, several challenges need to be tackled Double spending can occur, for in- stance, if Alice submits a valid DESTROY transaction on blockchain cs, and then submits CREATE transactions on two

Leveraging Blockchain Relays for Cross-Chain Token Transfers
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of writing3. Notably, users can specify a gas price when submitting transactions (typically in On the downside, a higher gas price leads to higher transaction cost relays can be leveraged to implement blockchain interoperability solutions such as cross blockchain token transfers

Deterministic witnesses for claim-first transactions
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of a given event or transaction on one blockchain to another blockchain in a non-disputable way, which is manifested formally in the lemma of rooted blockchains . To overcome the cross blockchain proof prob- lem, we have proposed the concept of claim-first transactions

Blockchain and the five vectors of progress
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They achieve this with designs that reduce or eliminate time- and energy-intensive mining and reduce the number of nodes that must validate a transaction for it to be considered final work to enable cross blockchain transactions interconnectivity, and standardization

ChainIDE: A Cloud-based Integrated Development Environment for Cross blockchain Smart Contracts
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Environment for Cross blockchain Smart Contracts According to , Move is the smart contract platform language mainly designed to (1) issue cryptocurrencies, tokens, and digital assets; (2) handling blockchain-based transactions ; (3) managing validators

Unibright-the unified framework for blockchain based business integration
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18 3.4.5 Orchestrating Unibright workflows Cross Blockchain Busi- ness Integration Immutability Transactions cannot be altered or deleted due to the cryptographic link structure of Lower transaction costs By eliminating third party intermediaries and overhead costs for exchang

A future history of international blockchain standards
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as supported by blockchains like Quorum and Hyperledger Fabric, more efficient BFT variants allow higher transaction throughput by systems to integrate blockchain systems into enterprise modelling systems, decentralized identifiers to facilitate cross blockchain identity, and

Cryptocurrencies and blockchain
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varying from complete anonymity to pseudo-anonymity, prevents cryptocurrency transactions from being adequately monitored, allowing shady transactions to occur When a tax authority does not know who enters into the taxable transaction because of the anonymity involved

The Burn-to-Claim cross blockchain asset transfer protocol
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However, the current architecture of this technology limits the transaction within the network and its users A blockchain is interoperable with another blockchain if one can provide state composition guarantees of cross blockchain transactions for the other and vice versa . We

Towards atomic cross-chain token transfers: State of the art and open questions within tast
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blockchain has its own features and specifics, this is done by first identifying these specifics, and defining requirements for cross blockchain token transfers Instead, a directed acyclic graph (DAG) is used, where each transaction approves two previous transactions

Advanced Cross-Chain Token Transfers
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This be essential in case the source blockchain needs to perform some actions (eg, transferring ownership) if a certain cross blockchain token transfer has been executed However, analogous to CLAIM transactions the user posting the CONFIRM transaction on the

Adopting Semantic-Driven Blockchain Technology to Support Newcomers in Music Industry
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In this paper, smart contracts are considered as means to define the transaction process between the parties As number of transactions per second is quite low compared to other transactional systems, there are M. Borkowski et al., Cross Blockchain Technologies: Review

SEBF: A Single-Chain based Extension Model of Blockchain for Fintech
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that concerns the maintenance of unspent transaction output (UTXO), the transactions stored within on the extension of storage capacity [Jiang and Wu] or transaction throughput [Sompolinsky [Borkowski et al.] proposed the DeXTT cross blockchain transfer protocol

Parallel Chains: Improving Throughput and Latency of Blockchain Protocols via Parallel Composition.
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by combining depth information from all the blockchains that include the transactions . The transaction weighing mechanism combines via an exponential sum the weights of the transaction in each individual blockchain into a single cross blockchain weight; subsequently

Building an open‐source blockchain ecosystem with ARK
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Interoperability simply means inter- and cross blockchain communication The security will be hyper-enhanced using a completely independent transaction pool, responsible for keeping a list of unconfirmed transactions that could then be broadcasted or passed

Towards Dependable, Scalable, and Pervasive Distributed Ledgers with Blockchains.
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Further effort is required to investigate how to best achieve cross blockchain communi- cation in the therefore worth slightly more than older coins which have been part of many transactions these privacy concerns by introducing mixer networks to hide the transaction history [36

Application of the Distributed Ledger Technology in Administration. Blockchain-based Identity System
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identity authentication, the only check performed is whether or not the transaction was signed In addition, as more transactions take place involving the user (with other users or entities a world where an individual can register their identity in a cross blockchain fashion, providing revolved around blockchain interoperability, with a special focus on cross blockchain token transfers and cross blockchain smart contract Stephan Haarmann, Kimon Batoulis, Adriatik Nikaj, and Mathias Weske Permissioned Distributed Ledgers for Land Transactions ; A Case Oriented Architecture (SOA) and aims to provide a high-level, cross blockchain interoperability layer Transactions are cryptographically signed instructions constructed by a user of the blockchain [15 A transaction typically contains a pre- defined set of metadata and an optional

Insight Chain Technical White Paper V1. 0
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issuance and transaction of Token; ➢ Usage of the Floyd algorithm, improving Kademlia network; ➢ Random validation mechanism based on VRF; ➢ Supporting to cross blockchain through state channel smart contract, commission and public notary mechanism. Page 3

The Keep network: A privacy layer for public blockchains
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public network, it- erated on, and adapted for other public blockchains and cross blockchain use Confidential transactions is an ongoing effort to bring better privacy, and therefore fungibility, to Bitcoin Zcash , a cryptocurrency using zk-SNARKs to ensure transaction privacy

The Arwen Trading Protocols (Full Version).
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The TierNolan protocol [43] is the original Bitcoin-compatible atomic swap; it can also be used for cross blockchain atomic Page 3 It reduces mining fees by closing an escrow with a single transaction rather than two (ie, the puzzle and solve transactions ) and a cooperative

An analysis of atomic swaps on and between ethereum blockchains using smart contracts
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They would only negotiate transactions between clients, but the actual transaction of funds would happen between the two clients. One could argue that this increases the decentralization (and therefore security and reliability) of the entire blockchain infrastructure

Distributed Computation Engine for Reproducible, Verifiable, Reusable and Transparent Computations
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17 4 System of Blockchains 18 4.1 Cross Blockchain References From a scalability point of view, the Bitcoin network can handle at the moment a maximum of 7 transactions per seconds, because of the block size restriction transaction per second at peak times3

Nightshade: Near protocol sharding design
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3. The necessity to store data requires more storage as the state grows. Im- portantly, unlike the processing power and network, the storage require- ment grows even if the transaction rate (number of transactions processed per second) remains constant

zkRelay: Facilitating Sidechains using zkSNARK-based Chain-Relays
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Abstract We facilitate trusted cross blockchain state proofs by implementing a chain-relay that validates block headers of light clients, which only store block headers instead of maintaining all past transactions , the concept is utilized to prove that a transaction occurred in

Decentralized Exchange and Payments Platform
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for holding balances of other EPPs they wish to support for fast transactions (they A transaction tracks the activity of the OMG chain, and needs some level of maturity chain (which forces everything on the Ethereum network and does not permit cross blockchain activity), or

Future tourism trends: Utilizing non-fungible tokens to aid wildlife conservation
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At the time of writing this article (17 August 2018) the decentralised application had recorded 1177 transactions and the transaction volume processed was worth 66.97 Ether, which based on the current exchange is worth +/- R294 649 (Dappradar)

Verus Coin
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Two options for such a system include a cross blockchain integration with a decentralized payment/pinning Verus will enable polls to be posted on the poll blockchain as transactions the tickets the number of participants to select in the poll by creating one transaction output forneed to verify transactions . In this network, trust in the under- lying code and consensus rules replaces trustworthiness in the intermediaries (Catalini and Gans 2016). Those consensus rules are part of the underlying blockchain protocol and con- firm each transaction on the

Can a Blockchain Keep a Secret
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A main characteristic of Helix, originating with the Honey Badger BFT work [MXC+16], is that selection of transactions for inclusion in a block is done while the transactions are encrypted (and routed anonymously) hence avoiding biases in the selection

THE LEDGER OF EVERY THING
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Scalability, latency, and transaction costs First, several blockchains such as Bitcoin and Ethereum have faced the ransom of premature success, and scaling problems have become increasingly more concerning, leading to big bottlenecks, delays, and higher transactions fees

Whitepaper V5. 0 Hexbean (HEX)
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AHD Exchange ieo.hexbean.exchange HEX An optimal HEX design would be a decentralized architecture in which users control funds and a centralized database that dynamically matches market transactions . Only when a deal is done and tokens are confirmed available, would the transaction be published on the

IMPORTANT: YOU MUST READ THE FOLLOWING DISCLAIMER IN FULL BEFORE CONTINUING
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to slow and heavyweight traditional blockchains, SON achieves a high transaction speed of consensus, each blockchain can then easily handle thousands of transactions per second For example, with cross blockchain communication enabled by SON Fabric, validators could

Blockchain Investigations-Beyond theMoney
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IPFS as a protocol is used by a number of other projects and is cross blockchain agnostic . In addition to the above there are other distributed The system will maintain the properties of a truly decentralised system transaction layer on chain and storage another chain