Double chain-type cross chain trading Internet of blockchains model core algorithm

Abstract

The invention discloses a double chain-type cross chain trading Internet of blockchains model (golden monkey model) core algorithm. Different from the traditional centralized architecture, the model has a fully-distributed and multi-chain network architecture. Due to the fully-distributed architecture, easier expansion, easier extension and easier fault tolerance are realized than the existing architecture. Each chain maintains the self consistency, the consistency between chains does not need to be managed by a central organization but is maintained by a fully-distributed mechanism. Limitations from the previous centralized Internet of blockchains (chain network, in short) are broken, all chains can operate in parallel on the model, and the trading efficiency and the network operation speed are improved. The model has a new financial market architecture, extensibility is realized, a financial unit can randomly and easily enter or leave the network, and the large-scale network and a high transaction volume are supported. The model comprises participant blockchains and inter-chain blockchains, the participant blockchains or the inter-chain blockchains can be one or one group of financial institutions, the inter-chain blockchain has a double-chain structure, a trading record and a balance account are separated, and cross chain trading is realized. A core algorithm for trading between chains, particularly, a protocol algorithm of enabling the inter-chain blockchains to assist two or more than two participant blockchains for mutual trading is provided, no centralized mechanism is needed, and the consistency of the whole network is maintained.

Description

technical field [0001] The present invention relates to the technical field of block chain Internet for the financial system, in particular adopting a distributed block chain Internet structure. Background technique [0002] Blockchain (Blockchain, BC) is a distributed database system, which can also be understood as a distributed ledger technology (DLT) jointly maintained by multiple nodes. .Blockchain Internet (Internet of Blockchians) is a value network based on blockchain, which must have high performance, security, privacy, scalability, interoperability, changeability, fault tolerance, and manageability and completeness [0003] The existing blockchain Internet, such as Cosmos, is mostly a centralized structure, and the intermediate chain is a central organization, so the calculation and communication chain of the intermediate chain can easily become the bottleneck of the blockchain Internet. In addition, each of its chains needs to maintain its own consistency, and t...

AI Technical Summary

Problems solved by technology

[0004] In order to overcome the problem of slow efficiency of the existing chain network (such as Cosmos, etc.) applied to the financial system, the present invention provides a core algorithm of the blockchain Internet model of double-chain cross-chain transactions, which can realize parallel computing , improve the operating efficiency and transaction speed of the system, and at the same time ensure the consistency of the system

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