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题名AucSwap: A Vickrey auction modeled decentralized cross-blockchain asset transfer protocol
作者
发表日期2021-08-01
发表期刊Journal of Systems Architecture
ISSN/eISSN1383-7621
卷号117
摘要

With the rapid development of blockchain technology, the cross-blockchain asset transfer has been in great demand. However, most existing cross-blockchain solutions encounter low efficiency problems due to the centralized features, unfriendly development environment, and difficulty in cooperation. This paper proposes an interaction protocol for secure and efficient cross-blockchain transfer process, wherein the cross-blockchain asset transfer is modeled as an auction process. We design our protocol by leveraging the atomic swap technology and Vickrey auction scheme to achieve efficient cross-blockchain asset transfer, without sacrificing the decentralized control. To achieve the transfer efficiency, we optimize the Vickrey auction scheme to share data within the auction and delivery process synchronously. This results in a efficient user information exchange. The experimental results show that not only can our protocol achieve compatibility, but it also incurs little communication overhead in high throughput. A cross-blockchain transfer process can be accomplished in average 4 rounds of interaction. The difference between the transaction completion time and the bid waiting time is less than 1 second. Besides, our protocol guarantees the exchange rate at a reasonable range. The ratio of the cross-blockchain exchange rate to the real exchange rate converges to 0.9 for approximately 200 participants. The transaction fee decreases sharply with the increase of the number of auction participants.

关键词Asset swap Blockchain Cross-chain Vickrey auction
DOI10.1016/j.sysarc.2021.102102
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收录类别SCIE ; SSCI
语种英语English
WOS研究方向Computer Science
WOS类目Computer Science ; Hardware & Architecture ; Computer Science ; Software Engineering
WOS记录号WOS:000663599300009
Scopus入藏号2-s2.0-85102857872
引用统计
文献类型期刊论文
条目标识符https://repository.uic.edu.cn/handle/39GCC9TT/12258
专题个人在本单位外知识产出
通讯作者Meng, Tianhui
作者单位
1.Shenzhen Institute of Advanced Technology,Chinese Academy of Science,Shenzhen,China
2.Tianjin University,Tianjin,China
3.University of Chinese Academy of Science,Beijing,China
4.State Key Lab of IoTSC & Department of Computer and Information Science,University of Macau,Macau,China
推荐引用方式
GB/T 7714
Liu, Weiwei,Wu, Huaming,Meng, Tianhuiet al. AucSwap: A Vickrey auction modeled decentralized cross-blockchain asset transfer protocol[J]. Journal of Systems Architecture, 2021, 117.
APA Liu, Weiwei, Wu, Huaming, Meng, Tianhui, Wang, Rui, Wang, Yang, & Xu, Cheng Zhong. (2021). AucSwap: A Vickrey auction modeled decentralized cross-blockchain asset transfer protocol. Journal of Systems Architecture, 117.
MLA Liu, Weiwei,et al."AucSwap: A Vickrey auction modeled decentralized cross-blockchain asset transfer protocol". Journal of Systems Architecture 117(2021).
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