Cross-chain exchange by transaction dependence with conditional transaction method | Soft Computing Skip to main content
Springer Nature Link
Log in

Cross-chain exchange by transaction dependence with conditional transaction method

  • Foundations
  • Published:
Soft Computing Aims and scope Submit manuscript

Abstract

Cross-chain exchange is an important way to promote cooperation and exchange between different blockchains. However, current cross-chain approaches mainly rely on smart contracts with essential pre-deployment steps, several of which need to be synchronized, resulting in low performance. In this paper, we propose an asynchronous cross-chain exchange model based on a transaction that embeds a control condition to determine whether to transfer assets. The condition is used to specify the paired transaction. In order to find which cross-chain transaction meets the condition, the fields of cross-chain transactions are compared mutually, including sender, receiver, value, blockchain identifier, etc. Meanwhile, the balance process in the blockchain consensus needs to be changed: subtracting the balance of the sender first, increasing the balance of the receiver when the conditions match, or returning the assets to the sender if the time expires. By embedding conditions in transactions, the step of pre-deploying smart contracts is eliminated, and transactions can be sent in parallel. The simulation results show that compared with smart contract-based method, the exchange waiting time is reduced by up to 73.4%.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Subscribe and save

Springer+ Basic
¥17,985 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Price includes VAT (Japan)

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1
Fig. 2
Fig. 3
Fig. 4
Fig. 5
Fig. 6
Fig. 7
Fig. 8
Fig. 9
Fig. 10
Fig. 11
Fig. 12
Fig. 13
Fig. 14
Fig. 15
Fig. 16

Similar content being viewed by others

Explore related subjects

Discover the latest articles, news and stories from top researchers in related subjects.

Notes

  1. https://interledger.org/interledger.pdf.

References

  • Angela O, Sun Y (2020) Factors affecting cryptocurrency prices: evidence from ethereum. In 2020 international conference on information management and technology (ICIMTech), IEEE, pp 318–323

  • Aniello L, Baldoni R, Gaetani E, Lombardi F, Margheri A, Sassone V (2017) A prototype evaluation of a tamper-resistant high performance blockchain-based transaction log for a distributed database. In: 2017 13th European dependable computing conference (EDCC), IEEE, pp 151–154

  • Back A, Corallo M, Dashjr L, Friedenbach M, Maxwell G, Miller A, Poelstra A, Timón J, Wuille P (2014) ‘Enabling blockchain innovations with pegged sidechains’, URL: http://www.opensciencereview.com/papers/123/enablingblockchain-innovations-with-pegged-sidechains72

  • Buterin V (2016) Chain interoperability. R3 research paper

  • Christidis K, Devetsikiotis M (2016) Blockchains and smart contracts for the internet of things. IEEE Access 4:2292–2303

    Article  Google Scholar 

  • El Faqir Y, Arroyo J, Hassan S (2020) An overview of decentralized autonomous organizations on the blockchain. In: Proceedings of the 16th international symposium on open collaboration, pp 1–8

  • Esposito C, Ficco M, Gupta BB (2021) Blockchain-based authentication and authorization for smart city applications. Inf Process Manag 58(2):102468

    Article  Google Scholar 

  • Greenspan G (2015) Multichain private blockchain-white paper. http://www.multichain.com/download/MultiChain-White-Paper.pdf pp 57–60

  • Herlihy M (2018) Atomic cross-chain swaps. In: Proceedings of the 2018 ACM symposium on principles of distributed computing. pp 245–254

  • Kakavand H, Kost De Sevres N, Chilton B (2017) The blockchain revolution: an analysis of regulation and technology related to distributed ledger technologies. Available at SSRN 2849251

  • Kan L, Wei Y, Muhammad AH, Siyuan W, Gao LC, Kai H (2018) A multiple blockchains architecture on inter-blockchain communication. In: 2018 IEEE international conference on software quality, reliability and security companion (QRS-C), IEEE, pp 139–145

  • Kang J, Yu R, Huang X, Maharjan S, Zhang Y, Hossain E (2017) Enabling localized peer-to-peer electricity trading among plug-in hybrid electric vehicles using consortium blockchains. IEEE Trans Ind Inf 13(6):3154–3164

    Article  Google Scholar 

  • Kher R, Terjesen S, Liu C (2021) Blockchain, bitcoin, and ICOS: a review and research agenda. Small Bus Econ 56(4):1699–1720

    Article  Google Scholar 

  • Miraz MH, Donald DC (2019) Atomic cross-chain swaps: development, trajectory and potential of non-monetary digital token swap facilities. Ann Emerg Technol Comput (AETiC) 3

  • Nelson J, Ali M, Shea R, Freedman MJ (2016) Extending existing blockchains with virtualchain. In: Workshop on distributed cryptocurrencies and consensus ledgers

  • Shahid A, Almogren A, Javaid N, Al-Zahrani FA, Zuair M, Alam M (2020) Blockchain-based agri-food supply chain: a complete solution. IEEE Access 8:69230–69243

    Article  Google Scholar 

  • Tama BA, Kweka BJ, Park Y, Rhee KH (2017) A critical review of blockchain and its current applications, In: 2017 international conference on electrical engineering and computer science (ICECOS), IEEE, pp 109–113

  • Wang A, Wang H, Jiang B, Chan WK (2020) Artemis: an improved smart contract verification tool for vulnerability detection. In: 2020 7th international conference on dependable systems and their applications (DSA), IEEE, pp 173–181

  • Wang H, Cen Y, Li X (2017) Blockchain router: a cross-chain communication protocol. In: Proceedings of the 6th international conference on informatics, environment, energy and applications, pp 94–97

  • Wood G (2016) Polkadot: vision for a heterogeneous multi-chain framework. White Paper 21

  • Yadav AK, Singh K (2020) Comparative analysis of consensus algorithms of blockchain technology. Ambient Commun Comput Syst 2020:205–218

    Article  Google Scholar 

  • Zheng Z, Xie S, Dai H, Chen X, Wang, H (2017) An overview of blockchain technology: architecture, consensus, and future trends. In: 2017 IEEE international congress on big data (BigData congress), IEEE, pp 557–564

Download references

Funding

This work was supported in part by the National Natural Science Foundation of China under Grant No. 61772352; National Key Research and Development Project under Grant Nos. 2020YFB1711800 and 2020YFB1707900; the Science and Technology Project of Sichuan Province under Grant Nos. 2019YFG0400, 2020YFG0479, 2020YFG0322, and the R&D Project of Chengdu City under Grant No. 2019-YF05-01790-GX.

Author information

Authors and Affiliations

  1. Sichuan University - Wangjiang Campus, Chengdu, China

    Hong Su, Bing Guo, Jun Yu Lu & Xinhua Suo

Authors
  1. Hong Su
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Bing Guo
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Jun Yu Lu
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Xinhua Suo
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Hong Su.

Ethics declarations

Conflict of interest

The authors declare that they have no conflict of interest.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Su, H., Guo, B., Lu, J.Y. et al. Cross-chain exchange by transaction dependence with conditional transaction method. Soft Comput 26, 961–976 (2022). https://doi.org/10.1007/s00500-021-06577-5

Download citation

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s00500-021-06577-5

Keywords

Search

Navigation