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A study of blockchain-based liquidity cross-chain model.

Authors :
Han, Yutong
Wang, Chundong
Wang, Huaibin
Yang, Yi
Wang, Xi
Source :
PLoS ONE. 6/11/2024, Vol. 19 Issue 6, p1-23. 23p.
Publication Year :
2024

Abstract

Blockchain cross-chaining is about interconnectivity and interoperability between chains and involves both physical to virtual digital aspects and cross-chaining between digital networks. During the process, the liquidity transfer of information or assets can increase the use of items with other chains, so it is worth noting that the enhancement of cross-chain liquidity is of great practical importance to cross-chain technology. In this model, Layerzero is used as the primary secure cross-chain facility to build a full-chain identity by unifying NFT-distributed autonomous cross-chain identity IDs; applying super-contract pairs to enhance cross-chain liquidity; and initiating a dynamic transaction node creditworthiness model to increase the security of the cross-chain model and its risk management. Finally, by verifying three important property metrics timeliness is improved by at least 18%, robustness is increased by at least 50.9%, and radius of convergence is reduced by at least 25%. It is verified that the liquidity cross-chain model can eliminate the authentication transition between hierarchies while saving the cross-chain time cost, as a way to truly realize the liquid interoperability between multiple chains of blockchain. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19326203
Volume :
19
Issue :
6
Database :
Academic Search Index
Journal :
PLoS ONE
Publication Type :
Academic Journal
Accession number :
177801938
Full Text :
https://doi.org/10.1371/journal.pone.0302145