TY - GEN
T1 - AgentChain
T2 - 18th IEEE International Conference on Trust, Security and Privacy in Computing and Communications/13th IEEE International Conference on Big Data Science and Engineering, TrustCom/BigDataSE 2019
AU - Li, Dawei
AU - Liu, Jianwei
AU - Tang, Zongxun
AU - Wu, Qianhong
AU - Guan, Zhenyu
N1 - Publisher Copyright:
© 2019 IEEE.
PY - 2019/8
Y1 - 2019/8
N2 - Blockchain enables fair assets delivery between untrusted peers. However, it's difficult to exchange assets between different blockchain systems. Centralized cryptocurrency exchange platform provides a flexible solution to such problem to some extent, but it contradicts the nature of blockchain, and property losses from it have occurred for many times since then. Currently, there are several cross-chain methods developed, while the implement cannot be compatible with most of the existing blockchain due to its performance, i.e. decentralization, efficiency, security, and algorithm compatibility. In this paper, we propose a new cross-chain system, named AgentChain, based on multi-signature with better performance. This system is open to trading operators, who can be combined as several decentralized trading groups by locking tokens to ensure its credibility. Users can choose a reputable trading group and deposit assets to the trading group's multi-signature address on the existing blockchain. Then the assets will be mapped to AgentChain by the trading group, on which token fair exchange is supported. The proposed AgentChain is compatible with most of the existing blockchain projects, only with the requirement that they should support multi-signature. The comparison between AgentChain and other cross-chain projects shows that the proposed system has a better performance and can be implemented practically.
AB - Blockchain enables fair assets delivery between untrusted peers. However, it's difficult to exchange assets between different blockchain systems. Centralized cryptocurrency exchange platform provides a flexible solution to such problem to some extent, but it contradicts the nature of blockchain, and property losses from it have occurred for many times since then. Currently, there are several cross-chain methods developed, while the implement cannot be compatible with most of the existing blockchain due to its performance, i.e. decentralization, efficiency, security, and algorithm compatibility. In this paper, we propose a new cross-chain system, named AgentChain, based on multi-signature with better performance. This system is open to trading operators, who can be combined as several decentralized trading groups by locking tokens to ensure its credibility. Users can choose a reputable trading group and deposit assets to the trading group's multi-signature address on the existing blockchain. Then the assets will be mapped to AgentChain by the trading group, on which token fair exchange is supported. The proposed AgentChain is compatible with most of the existing blockchain projects, only with the requirement that they should support multi-signature. The comparison between AgentChain and other cross-chain projects shows that the proposed system has a better performance and can be implemented practically.
KW - Blockchain
KW - Cross-chain
KW - Cryptocurrency
KW - Interoperability
KW - Multi-Signature
UR - https://www.scopus.com/pages/publications/85077970514
U2 - 10.1109/TrustCom/BigDataSE.2019.00072
DO - 10.1109/TrustCom/BigDataSE.2019.00072
M3 - 会议稿件
AN - SCOPUS:85077970514
T3 - Proceedings - 2019 18th IEEE International Conference on Trust, Security and Privacy in Computing and Communications/13th IEEE International Conference on Big Data Science and Engineering, TrustCom/BigDataSE 2019
SP - 491
EP - 498
BT - Proceedings - 2019 18th IEEE International Conference on Trust, Security and Privacy in Computing and Communications/13th IEEE International Conference on Big Data Science and Engineering, TrustCom/BigDataSE 2019
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 5 August 2019 through 8 August 2019
ER -