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Blockchain-based cross-chain transaction method and storage medium

A transaction method and blockchain technology, applied in instruments, payment systems, finance, etc., can solve problems such as single smart asset collateral, inability to complete blockchain intrusive transformation, trustlessness, etc.

Active Publication Date: 2018-02-09
马晶瑶
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  • Abstract
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AI Technical Summary

Problems solved by technology

The disadvantage of this method is that it cannot complete the intrusive transformation of the existing blockchain, and can only complete asset circulation in its own ecosystem
[0007] Therefore, the traditional cross-chain method does not completely solve the problem, mainly focusing on the inability to transfer assets in a trustless manner, and the single collateral of smart assets may cause serial liquidation and other issues

Method used

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  • Blockchain-based cross-chain transaction method and storage medium
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  • Blockchain-based cross-chain transaction method and storage medium

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Embodiment Construction

[0059] In order to enable those skilled in the art to better understand the solution of the present invention, the present invention will be further described in detail below in conjunction with the accompanying drawings and specific embodiments.

[0060]The embodiment of the present invention provides a blockchain cross-chain transaction method, the basic concept of which is to create a blockchain for managing cross-chain asset transactions (that is, the first blockchain, in the attached figure 1 with 2 LINK chain for short), and then use this blockchain to bind accounts and transactions with other existing blockchains (the second blockchain), and complete cross-chain transaction by consensus modification between blockchains. chain transactions. For the convenience of description, in the following embodiments, the two blockchains of Bitcoin (BTC) and Litecoin (LTC) are used as examples of the second blockchain, but those skilled in the art should understand that this does no...

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Abstract

The present invention discloses a blockchain-based cross-chain transaction method. The method comprises the following steps that: a first account is created on a first block chain, wherein the first block chain is used for managing the circulation of cross-chain assets; the first account is bound with a second account on a second blockchain; assets on the second blockchain comprise assets to be subjected to cross-chain transfer; and consensus modification is performed on the circulation of the assets between the first blockchain and the second blockchain, thus the transfer of the cross-chain assets can be realized. The present invention also provides a storage medium for implementing the method. With the method adopted, asset transfer between different chains can be realized in a trust-free manner.

Description

technical field [0001] The invention relates to the technical field of block chains, in particular to a block chain cross-chain transaction method and a storage medium. Background technique [0002] In 2008, Satoshi Nakamoto released the creation white paper of Bitcoin, which brought the blockchain technology into the public eye. Since then, more and more enterprises and individual developers have joined the ranks of developing and promoting blockchain technology in order to develop new application scenarios on the blockchain platform and support a wider range of applications. [0003] At present, mainstream digital currencies based on blockchain in the market suffer from performance impact, and non-mainstream digital currencies suffer from insufficient liquidity. There is an urgent need for such a chain: it can not only drain the assets of the main chain to its own chain, but also support the exchange between various digital currencies. [0004] At present, the pioneers o...

Claims

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Application Information

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IPC IPC(8): G06Q20/38G06Q40/04
CPCG06Q20/382G06Q40/04
Inventor 马晶瑶
Owner 马晶瑶
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