Blockchain based high-frequency transaction method and system

A high-frequency transaction and blockchain technology, applied in the blockchain field, can solve problems such as difficult to handle large-scale transactions

Inactive Publication Date: 2017-07-07
广州太一云科技有限公司
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Decentralization may be one of the attributes that gives Bitcoin its edge and transformative potential, but it also makes it difficult to handle large-scale transactions

Method used

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  • Blockchain based high-frequency transaction method and system
  • Blockchain based high-frequency transaction method and system
  • Blockchain based high-frequency transaction method and system

Examples

Experimental program
Comparison scheme
Effect test

Embodiment 1

[0028] Such as Figure 7 As shown, the block chain-based high-frequency trading method proposed by the present invention is a way of block chain off-chain transactions to realize high-frequency trading, as follows:

[0029] S101. Establishment of transaction channels outside the blockchain

[0030] The establishment of the payment channel is as follows: both parties sign an agreement with their own private keys, and publish the agreement on the blockchain. The agreement can also be understood as a smart contract. The content of the agreement is to lock a sum of funds on the blockchain, and the locked funds are distributed according to the ratio agreed by both parties. The locked funds can be contributed by one of the parties, or can be jointly contributed by both parties according to the agreed ratio. For example: a part of the funds are deposited in the payment channel, and the channel also records the distribution plan of the funds between the two parties. When the channe...

Embodiment 2

[0050] The block chain-based high-frequency transaction method proposed by the present invention is a method of block chain off-chain transactions to realize high-frequency transactions, as follows:

[0051] S101. Establishment of transaction channels outside the blockchain

[0052] The establishment of the payment channel is as follows: both parties sign an agreement with their own private keys, and publish the agreement on the blockchain. The agreement can also be understood as a smart contract. The content of the agreement is to lock a sum of funds on the blockchain, and the locked funds are distributed according to the ratio agreed by both parties. The locked funds can be contributed by one of the parties, or can be jointly contributed by both parties according to the agreed ratio. For example: a part of the funds are deposited in the payment channel, and the channel also records the distribution plan of the funds between the two parties. When the channel is first establ...

Embodiment 3

[0073] The block chain-based high-frequency transaction method proposed by the present invention is a method of block chain off-chain transactions to realize high-frequency transactions, as follows:

[0074] S101. Establishment of transaction channels outside the blockchain

[0075] The establishment of the payment channel is as follows: both parties sign an agreement with their own private keys, and publish the agreement on the blockchain. The agreement can also be understood as a smart contract. The content of the agreement is to lock a sum of funds on the blockchain, and the locked funds are distributed according to the ratio agreed by both parties. The locked funds can be contributed by one of the parties, or can be jointly contributed by both parties according to the agreed ratio. For example: a part of the funds are deposited in the payment channel, and the channel also records the distribution plan of the funds between the two parties. When the channel is first establ...

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PUM

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Abstract

The invention belongs to the technical field of block chain, and proposes a high-frequency transaction method based on block chain, which is a block chain off-chain transaction method, specifically: the establishment of block chain off-chain transaction channels, and the off-chain transaction Transactions, settlement of off-chain transactions. The present invention also proposes a block chain-based high-frequency transaction system, including a block chain off-chain transaction channel establishment module, an off-chain transaction module, and an off-chain transaction settlement module. The adoption of the present invention not only solves the problems of complicated and low-efficiency blockchain transactions, but also realizes asset-free transactions and high-frequency small-value transaction scenarios, with a transaction speed of more than 100,000 transactions per second.

Description

technical field [0001] The present invention relates to the technical field of blockchain, in particular to a high-frequency trading method and system based on blockchain. Background technique [0002] The encrypted digital currency system built with blockchain as the underlying technology, due to its distributed characteristics, although the security of data records is high, the efficiency of transactions is lower than that of traditional central servers or transaction operators . This is also the reason why many people criticize that Bitcoin is currently unable to meet the timely processing of large-scale transaction orders. The specific technical reason is that the traditional blockchain technology needs to record every transaction, no matter how big or small the transaction is, and the capacity of a single block is limited. Using bitcoin as an example, to send bitcoins to someone, you create a transaction, cryptographically sign it (proving you are the creator), and br...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/04
CPCG06Q40/04
Inventor 邓迪丁江孟繁轲
Owner 广州太一云科技有限公司
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