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The atomic swap protocol allows for the exchange of cryptocurrencies on different blockchains without the need to trust a third-party. However, market participants who desire to hold derivative assets such as options or futures would also…

Cryptography and Security · Computer Science 2020-03-10 James A. Liu

Since the introduction of Bitcoin in 2008, many other cryptocurrencies have been introduced and gained popularity. Lack of interoperability and scalability amongst these cryptocurrencies was and still is, acting as a significant impediment…

Cryptography and Security · Computer Science 2019-02-13 Mahdi H. Miraz , David C. Donald

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

Automated Market Makers (AMMs) are decentralized exchange protocols that provide continuous access to token liquidity without the need for order books or traditional market makers. However, this innovation has failed to scale when it comes…

Computational Engineering, Finance, and Science · Computer Science 2025-06-02 Sumit Vohra

An atomic cross-chain swap is a distributed coordination task where multiple parties exchange assets across multiple blockchains, for example, trading bitcoin for ether. An atomic swap protocol guarantees (1) if all parties conform to the…

Distributed, Parallel, and Cluster Computing · Computer Science 2018-05-21 Maurice Herlihy

Atomic swaps have been widely considered to be an ideal solution for cross-chain cryptocurrency transactions due to their trustless and decentralized nature. However, their adoption in practice has been strictly limited compared to…

Cryptography and Security · Computer Science 2025-03-18 Ethan Francolla , Arnav Shah

Options are fundamental to blockchain-based financial services, offering essential tools for risk management and price speculation, which enhance liquidity, flexibility, and market efficiency in decentralized finance (DeFi). Despite the…

Cryptography and Security · Computer Science 2025-05-27 Zifan Peng , Yingjie Xue , Jingyu Liu

Atomic swaps are a fundamental primitive for the trustless exchange of digital assets across blockchains: they guarantee that either both parties receive the agreed assets or neither party transfers. While this all-or-nothing guarantee is…

Cryptography and Security · Computer Science 2026-05-07 Paul Gerhart , Jay Taylor , Sri Aravinda Krishnan Thyagarajan

Atomic swaps enable the transfer of value between the cryptocurrencies of various blockchains without the need to trust an intermediary. In this paper, we propose the concept of atomic loans, which utilize atomic swap technology to allow…

Cryptography and Security · Computer Science 2019-01-17 Matthew Black , TingWei Liu , Tony Cai

An option is a financial agreement between two parties to trade two assets. One party is given the right, but not the obligation, to complete the swap before a specified termination time. In todays financial markets, an option is considered…

Cryptography and Security · Computer Science 2022-05-09 Daniel Engel , Yingjie Xue

In this paper, we present a protocol for facilitating trust-less cross-chain cryptocurrency transfers that preserve privacy of bridge withdrawals. We leverage zero-knowledge primitives that are commonly used to design cryptocurrency mixing…

Cryptography and Security · Computer Science 2021-02-10 Drew Stone

Due to the evergrowing blockchain ecosystem, interoperability has become a matter of great importance. Atomic swaps allow connecting otherwise isolated blockchains while adhering to the core principles of censorship resistance and…

Cryptography and Security · Computer Science 2021-02-03 Philipp Hoenisch , Lucas Soriano del Pino

The blockchain space is changing constantly. New chains are being implemented frequently with different use cases in mind. As more and more types of crypto assets are getting real world value there is an increasing need for blockchain…

Cryptography and Security · Computer Science 2020-09-29 Omer Shlomovits , Oded Leiba

Cross-chain swaps enable exchange of different assets that reside on different blockchains. Several protocols have been proposed for atomic cross-chain swaps. However, those protocols are not fault-tolerant, in the sense that if any party…

Distributed, Parallel, and Cluster Computing · Computer Science 2022-11-15 Yingjie Xue , Di Jin , Maurice Herlihy

This paper presents Wrapless -- a lending protocol that enables the collateralization of bitcoins without requiring a trusted wrapping mechanism. The protocol facilitates a "loan channel" on the Bitcoin blockchain, allowing bitcoins to be…

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

Privacy-seeking cryptocurrency users rely on anonymization techniques like CoinJoin and ring transactions. By using such technologies benign users potentially provide anonymity to bad actors. We propose overlay protocols to resolve the…

Cryptography and Security · Computer Science 2021-03-01 Patrik Keller , Martin Florian , Rainer Böhme

In the Zendoo white paper, we introduced a novel sidechain construction for Bitcoin-like blockchains, which allows a mainchain to create and communicate with sidechains of different types without knowing their internal structure. In this…

Cryptography and Security · Computer Science 2022-09-09 Alberto Garoffolo , Dmytro Kaidalov , Roman Oliynykov

The ability of a peer-to-peer (P2P) system to effectively host decentralized applications often relies on the availability of a peer-sampling service, which provides each participant with a random sample of other peers. Despite the…

Distributed, Parallel, and Cluster Computing · Computer Science 2025-07-08 Rachid Guerraoui , Anne-Marie Kermarrec , Anastasiia Kucherenko , Rafael Pinot , Martijn de Vos

Blockchain interoperability protocols enable cross-chain asset transfers or data retrievals between isolated chains, which are considered as the core infrastructure for Web 3.0 applications such as decentralized finance protocols. However,…

Cryptography and Security · Computer Science 2024-11-04 Yinfeng Cao , Jiannong Cao , Dongbin Bai , Long Wen , Yang Liu , Ruidong Li
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