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

A core algorithm, Internet technology, applied in the field of distributed blockchain Internet structure, can solve problems such as slow chain network efficiency, achieve high transaction volume, improve transaction efficiency and network operation speed.

Inactive Publication Date: 2017-10-13
ZEU CRYPTO NETWORKS INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

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 Intern

Method used

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

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Embodiment Construction

[0103] In order to better understand the technical solutions provided by the embodiments of the present invention, and to better compare them with the technical solutions of the embodiments of the present invention, the present invention will be further described below through algorithms and pseudocodes in conjunction with the accompanying drawings.

[0104] The specific implementation of this double-chain cross-chain transaction blockchain Internet model (golden monkey model) mainly includes the following three parts:

[0105] (1) The entire network is built from scratch;

[0106] (2) Transaction: one participating chain trades with another participating chain through an intermediate chain;

[0107] (3) The new chain joins the network.

[0108] For (1) the entire network is built from scratch, its input includes several intermediate chains (Inter-chainBlockchain, represented by ICC in the pseudo-code), several participating chains (Participant Blockchain, represented by PPC ...

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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...

Claims

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Application Information

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IPC IPC(8): G06Q20/38G06Q40/04
CPCG06Q20/382G06Q40/04G06Q20/027G06Q20/0655G06Q20/0658G06Q20/381G06Q2220/00H04L9/50
Inventor 邓恩艳
Owner ZEU CRYPTO NETWORKS INC
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