Paper 2018/262
Chimeric Ledgers: Translating and Unifying UTXO-based and Account-based Cryptocurrencies
Joachim Zahnentferner
Abstract
Cryptocurrencies are historically divided in two broad groups with respect to the style of transactions that they accept. In the account-based style, each address is seen as an account with a balance, and transactions are transfers of value from one account to another. In the UTXO-based style, transactions inductively spend outputs generated by previous trans- actions and create new unspent outputs, and there is no intrinsic notion of account associated with an address. Each style has advantages and disadvantages. This paper formally defines: the two styles; translations that allow to simulate one style by the other; new transaction types that allow both styles of transactions to co-exist on the same ledger; and a new transaction type that combines features from both styles.
Metadata
- Available format(s)
-
PDF
- Category
- Applications
- Publication info
- Preprint.
- Keywords
- BlockchainBitcoinEhtereumCryptocurrency
- Contact author(s)
- chimeric ledgers @ protonmail com
- History
- 2018-03-12: received
- Short URL
- https://ia.cr/2018/262
- License
-
CC BY
BibTeX
@misc{cryptoeprint:2018/262,
author = {Joachim Zahnentferner},
title = {Chimeric Ledgers: Translating and Unifying {UTXO}-based and Account-based Cryptocurrencies},
howpublished = {Cryptology {ePrint} Archive, Paper 2018/262},
year = {2018},
url = {https://eprint.iacr.org/2018/262}
}
