A consortium chain construction method compatible with multi-asset type fast transactions

Abstract

The invention discloses a rapid transaction alliance chain construction method compatible with multiple asset types. The alliance chain technology is introduced to realize transaction intercommunication of multiple types of digit assets, based on that system safety is guaranteed, a fixed multi-party signature consensus mechanism is introduced to replace workload to prove the dynamic multi-party signature mechanism, and the transaction time is substantially shortened. The method is advantaged in that through breaking transaction barriers among the different asset types, wide compatibility of the transaction system with the various asset types is realized, moreover, a fixed signature set scheme is employed, the consensus achievement time of each node in the system can be substantially reduced, transaction is rapidly achieved, asset transfer efficiency is substantially improved, superior robustness for a Byzantine failure problem is realized, and cracking is difficult.

Description

technical field [0001] The invention belongs to the technical field of asset transactions and block chains, and in particular relates to a construction method of an alliance chain compatible with fast transactions of multiple asset types. Background technique [0002] In 2008, a scholar named Satoshi Nakamoto published the groundbreaking paper "Bitcoin: A Peer-to-Peer Electronic Cash System", and the digital currency "Bitcoin" based on blockchain technology was born. In the Bitcoin system, the underlying design principle is that all participants in the network have equal status, and they unanimously trust the proof of work to verify and enforce network rules, eliminating the need for a clearinghouse. The network uses a consensus algorithm to perform liquidation among participants, which improves security and avoids expensive third-party trust requirements and physical transfer losses of traditional currencies. Therefore, the blockchain technology with the characteristics of...

AI Technical Summary

Problems solved by technology

This delay is necessary to confirm that the most recent transaction is indeed completed by the node with the largest workload, but this delay ultimately hinders many commercial applications that require real-time or near-immediate execution

Secondly, the current digital currency systems are independent and can only conduct transactions of a single asset type; it is conceivable that the popularity of digital currencies will inevitably lead to the coexistence and circulation of multiple digital currencies. Therefore, it is necessary to open up transactions between different digital currency systems Barriers to realize the free transaction of different types of digital assets based on blockchain technology in the same system

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