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Secure transfer between blockchains

A block chain and block technology, applied in the direction of secure communication devices, instruments, payment systems, etc., can solve issues such as side chain issuance of assets, side chain security, etc.

Pending Publication Date: 2019-12-06
NCHAIN HLDG LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, since sidechains are subordinate to the main blockchain, there is no easy opportunity to issue assets on sidechains
So there is the technical question of how to make sidechains secure through mechanisms other than mining

Method used

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  • Secure transfer between blockchains
  • Secure transfer between blockchains
  • Secure transfer between blockchains

Examples

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Embodiment Construction

[0034] blockchain network

[0035] first reference figure 1 . figure 1 An exemplary blockchain network 100 associated with a blockchain is shown in block diagram form. A blockchain network can be a public blockchain network, which is a peer-to-peer open membership network in which anyone can join without invitation or consent from other members. Distributed electronic devices running instances of the blockchain protocol under which the blockchain network 100 operates may participate in the blockchain network 100 . Such distributed electronic devices may be referred to as nodes 102 . The blockchain protocol can be, for example, the Bitcoin protocol.

[0036] The electronic devices that run the blockchain protocol and form the nodes 102 of the blockchain network 100 can be various types of devices including, for example, desktop computers, laptop computers, tablet computers, servers, mobile devices such as smart phones, such as Wearable computers like smart watches, or othe...

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Abstract

There may be provided a computer-implemented method. It may be implemented using a blockchain such as, for example, the Bitcoin blockchain. The computer-implemented method includes: i) joining a congress by transferring, by a node operating in a proof-of- work blockchain network, one or more digital assets to a congress pool having one or more other digital assets associated with other members ofa congress; ii) detecting, by the node, a special transaction of digital assets on the proof-of-work blockchain network to an address associated with the congress pool, the special transaction satisfying determined criteria; and iii) minting, by the node, one or more digital assets on a proof-of-stake blockchain network in response to detecting the special transaction.

Description

technical field [0001] The present invention relates generally to distributed ledgers, and more particularly to methods and systems for providing decentralized control over digital assets associated with particular addresses in multiple digital ledgers. The present invention is particularly suitable for use in coordinating transactions on a proof-of-work blockchain network with transactions on a proof-of-stake blockchain network, but is not limited thereto. Background technique [0002] In this document, we use the term "blockchain" to include all forms of electronic, computer-based distributed ledgers. They include blockchain and transaction chain technologies, permissioned and permissionless ledgers, shared ledgers and their variants. The most widely known application of blockchain technology is the Bitcoin ledger, but other blockchain implementations have also been proposed and developed. While reference to Bitcoin may be made herein for convenience and illustrative pur...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/06G06Q20/36G06Q20/38H04L9/32G06F21/64
CPCG06F21/64G06Q20/065G06Q20/36G06Q20/3829G06Q20/389H04L2209/56H04L9/3239H04L9/3247H04L9/3255H04L9/50G06Q2220/00H04L9/0637H04L9/0825H04L9/0833H04L9/3252H04L2209/463H04L9/0618
Inventor J·弗莱彻M·巴德西亚
Owner NCHAIN HLDG LTD
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