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Blockchain systems and smart contracts provide ways to securely implement multi-party transactions without the use of trusted intermediaries, which currently underpin many commercial transactions. However, they do so by transferring trust…

Logic in Computer Science · Computer Science 2018-11-16 Ron van der Meyden

Inspired by Bitcoin, many different kinds of cryptocurrencies based on blockchain technology have turned up on the market. Due to the special structure of the blockchain, it has been deemed impossible to directly trade between traditional…

Cryptography and Security · Computer Science 2020-05-08 Hangyu Tian , Kaiping Xue , Shaohua Li , Jie Xu , Jianqing Liu , Jun Zhao

An effective atomic cross-chain swap protocol is introduced by Herlihy [Herlihy, 2018] as a distributed coordination protocol in order to exchange assets across multiple blockchains among multiple parties. An atomic cross-chain swap…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-12-03 Soichiro Imoto , Yuichi Sudo , Hirotsugu Kakugawa , Toshimitsu Masuzawa

A core enabler for blockchain or DLT interoperability is the ability to atomically exchange assets held by mutually untrusting owners on different ledgers. This atomic swap problem has been well-studied, with the Hash Time Locked Contract…

Cryptography and Security · Computer Science 2022-09-13 Krishnasuri Narayanam , Venkatraman Ramakrishna , Dhinakaran Vinayagamurthy , Sandeep Nishad

Taprootized Atomic Swaps is an extension for Atomic Swaps that enables the untraceability of transactions in a particular swap. Based on Schnorr signatures, Taproot technology, and zero-knowledge proofs, the taprootized atomic swaps hide…

Cryptography and Security · Computer Science 2024-02-27 Oleksandr Kurbatov , Dmytro Zakharov , Anton Levochko , Kyrylo Riabov , Bohdan Skriabin

Extreme valuation and volatility of cryptocurrencies require investors to diversify often which demands secure exchange protocols. A cross-chain swap protocol allows distrusting parties to securely exchange their assets. However, the…

Distributed, Parallel, and Cluster Computing · Computer Science 2023-05-24 Eric Chan , Marek Chrobak , Mohsen Lesani

Cross-chain asset exchange is crucial for blockchain interoperability. Existing solutions rely on trusted third parties and risk asset loss, or use decentralized alternatives like atomic swaps, which suffer from grief attacks. Griefing…

Cryptography and Security · Computer Science 2025-08-07 Kirti Singh , Vinay J. Ribeiro , Susmita Mandal

In his 2018 paper, Herlihy introduced an atomic protocol for multi-party asset swaps across different blockchains. His model represents an asset swap by a directed graph whose nodes are the participating parties and edges represent asset…

Data Structures and Algorithms · Computer Science 2024-03-18 Emily Clark , Chloe Georgiou , Katelyn Poon , Marek Chrobak

Today, several solutions for cross-blockchain asset transfers exist. However, these solutions are either tailored to specific assets or neglect finality guarantees that prevent assets from getting lost in transit. In this paper, we present…

Cryptography and Security · Computer Science 2021-10-12 Marten Sigwart , Philipp Frauenthaler , Christof Spanring , Michael Sober , Stefan Schulte

The General Purpose Atomic Crosschain Transaction protocol allows composable programming across multiple Ethereum blockchains. It allows for inter-contract and inter-blockchain function calls that are both synchronous and atomic: if one…

Cryptography and Security · Computer Science 2021-07-06 Peter Robinson , Raghavendra Ramesh

Modern distributed data management systems face a new challenge: how can autonomous, mutually-distrusting parties cooperate safely and effectively? Addressing this challenge brings up questions familiar from classical distributed systems:…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-10-16 Maurice Herlihy , Barbara Liskov , Liuba Shrira

Digital currencies primarily operate online, but there is growing interest in enabling offline transactions to improve digital inclusion. Existing offline methods struggle with double-spending risks, often limiting transaction amounts. In…

Quantum Physics · Physics 2025-02-26 Yichi Zhang , Siyuan Jin , Yuhan Huang , Qiming Shao

We construct a privacy-preserving, distributed and decentralized marketplace where parties can exchange data for tokens. In this market, buyers and sellers make transactions in a blockchain and interact with a third party, called notary,…

Cryptography and Security · Computer Science 2020-02-25 Ariel Futoransky , Carlos Sarraute , Daniel Fernandez , Matias Travizano , Ariel Waissbein

To achieve interoperability between unconnected ledgers, hash time lock contracts (HTLCs) are commonly used for cross-chain asset exchange. The solution tolerates transaction failure, and can "make the best out of worst'' by allowing…

Computer Science and Game Theory · Computer Science 2021-12-14 Jiahua Xu , Damien Ackerer , Alevtina Dubovitskaya

Bitcoin brings a new type of digital currency that does not rely on a central system to maintain transactions. By benefiting from the concept of decentralized ledger, users who do not know or trust each other can still conduct transactions…

Cryptography and Security · Computer Science 2019-09-17 Zhimin Gao , Lei Xu , Keshav Kasichainula , Lin Chen , Bogdan Carbunar , Weidong Shi

We consider Uniswap-like automated market makers, and, specifically, constant product liquidity pools, operating on blockchains. An important feature of Uniswap is the ability for a trader to carry out a sequence of asset swaps atomically,…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-01-28 Jon Michael Aanes , Jesper Balman Gravgaard , Peter Bro Miltersen , Kurt Nielsen , Mohsen Pourpouneh

Renewable energy has become a reality in the present and is being preferred by countries to become a considerable part of the central grid. With the increasing adoption of renewables it will soon become crucial to have a platform which…

Cross-chain technology facilitates the interoperability among isolated blockchains on which users can freely communicate and transfer values. Existing cross-chain protocols suffer from the scalability problem when processing on-chain…

Cryptography and Security · Computer Science 2022-12-15 Yihao Guo , Minghui Xu , Dongxiao Yu , Yong Yu , Rajiv Ranjan , Xiuzhen Cheng

Nakamoto consensus, the protocol underlying Bitcoin, has the potential to secure a new class of systems which agree on non-mathematical truths. As an example of this capability, we propose a design for a trustless, data availability oracle.…

Cryptography and Security · Computer Science 2019-10-24 Jason Teutsch

Today's blockchain landscape is severely fragmented as more and more heterogeneous blockchain platforms have been developed in recent years. These blockchain platforms are not able to interact with each other or with the outside world since…

Cryptography and Security · Computer Science 2021-11-22 Michael Sober , Giulia Scaffino , Christof Spanring , Stefan Schulte