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The increasing complexity of digital asset transactions across multiple blockchains necessitates a robust atomic swap protocol that can securely handle more than two participants. Traditional atomic swap protocols, including those based on…

Cryptography and Security · Computer Science 2024-06-25 Shengewei You , Aditya Joshi , Andrey Kuehlkamp , Jarek Nabrzyski

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

This paper surveys innovative protocols that enhance the programming functionality of the Bitcoin blockchain, a key part of the "Bitcoin Ecosystem." Bitcoin utilizes the Unspent Transaction Output (UTXO) model and a stack-based script…

Cryptography and Security · Computer Science 2024-10-01 Guofu Liao , Taotao Wang , Qing Yang , Yihan Xia , Long Shi , Xiang Zhao , Xiaoxiao Wu , Shengli Zhang , Anthony Chan , Richard Yuen

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

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

A blockchain facilitates secure and atomic transactions between mutually untrusting parties on that chain. Today, there are multiple blockchains with differing interfaces and security properties. Programming in this multi-blockchain world…

Cryptography and Security · Computer Science 2024-03-13 Huaixi Lu , Akshay Jajoo , Kedar S. Namjoshi

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

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

Grassroots platforms aim to offer an egalitarian alternative to global platforms. Whereas global platforms can have only a single instance, grassroots platforms can have multiple instances that emerge and operate independently of each other…

Distributed, Parallel, and Cluster Computing · Computer Science 2026-01-08 Ehud Shapiro

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

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

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

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…

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

The recent adoption of blockchain technologies and open permissionless networks suggest the importance of peer-to-peer atomic cross-chain transaction protocols. Users should be able to atomically exchange tokens and assets without depending…

Databases · Computer Science 2021-03-30 Victor Zakhary , Divyakant Agrawal , Amr El Abbadi

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

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

Atomic Commit Problem (ACP) is a single-shot agreement problem similar to consensus, meant to model the properties of transaction commit protocols in fault-prone distributed systems. We argue that ACP is too restrictive to capture the…

Distributed, Parallel, and Cluster Computing · Computer Science 2019-03-13 Gregory Chockler , Alexey Gotsman

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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