Money transferring method and device based on block chain, and storage medium

A blockchain and block technology, applied in the fields of instruments, payment architecture, data processing applications, etc., can solve problems such as the inability to reach consensus in concurrent transaction processing, and achieve the effect of improving transfer efficiency

Active Publication Date: 2018-11-20
WEBANK (CHINA)
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  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0004] The main purpose of the present invention is to provide a block chain-based transfer method, device, and computer-readable storage medi...

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  • Money transferring method and device based on block chain, and storage medium
  • Money transferring method and device based on block chain, and storage medium
  • Money transferring method and device based on block chain, and storage medium

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Embodiment Construction

[0058] It should be understood that the specific embodiments described here are only used to explain the present invention, not to limit the present invention.

[0059] In order to facilitate a better understanding of the present invention, the technical terms involved in the present invention are described below.

[0060] (1) UTXO transaction

[0061] Bitcoin is a representative of the first generation of blockchain, and the UTXO (Unspent Transaction Outputs, unspent transaction output) proposed in Bitcoin is the basic unit of transaction generation and transaction verification on the blockchain. The UTXO model requires that each value (expressed as each encrypted digital currency) has a specific ownership, is in one of two states (spent or unspent), and the input of each new transaction must be an unspent transaction of a transaction. Spend output. Taking a transaction in which A transfers 10 value units to B as an example, the UTXO model operates as follows: the input val...

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PUM

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Abstract

The invention discloses a money transferring method based on a block chain. The method comprises the following steps of traversing a received transaction queue of a block to reach a consensus, and judging whether currently traversed transactions meet a parallel execution condition; if the transactions meet the parallel execution condition, executing the transactions in parallel, and otherwise, executing the same serially; when all transactions in the block transaction queue is completely executed, generating a Hash value of the block to be shared and broadcasting the same in a block chain network, so as to reach the consensus with other nodes in the block chain network; and when the consensus is achieved with the other nodes in the block chain network, recording transaction execution results of all transactions in the block to reach the consensus into a block chain. The invention also discloses a money transferring device based on the block chain and a computer readable storage medium.According to the method, device and medium provided by the invention, the concurrent execution of the multiple transactions in the block chain is achieved, and thus the money transferring efficiencyis enhanced.

Description

technical field [0001] The present invention relates to the technical field of blockchain finance, in particular to a blockchain-based transfer method, device and computer-readable storage medium. Background technique [0002] Ethereum is the representative of the second-generation blockchain, and the account model is the basis of Ethereum. The account model can be understood as a transaction-based state machine that reads a series of inputs and then transitions to a new state based on these inputs. The account state machine is initially in the creation state (at this time, there are no transactions in the network yet). This genesis state will transition to a final state when a series of transactions are executed. At any moment, this final state represents the current state of the account. [0003] For example, there are the following two transfer transactions in the Ethereum network: account A transfers 10 value units to account B, and account B transfers 20 value units ...

Claims

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Application Information

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IPC IPC(8): G06Q20/10
CPCG06Q20/102
Inventor 陈宇莫楠李辉忠郭世清张开翔范瑞彬
Owner WEBANK (CHINA)
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