Cryptology ePrint Archive: Report 2020/895

Multi-Currency Ledgers

Joachim Zahnentferner

Abstract: This paper extends an abstract formal model of UTxO-based and account-based transactions to allow the creation and use of multiple cryptocurrencies on a single ledger. The new model also includes a general framework to establish and enforce monetary policies for created currencies. In contrast to alternative approaches, all currencies in this model exist natively on the ledger and do not necessarily depend on a main currency. In comparison to non-native approaches based on scripts and smart contracts, native currencies allow smaller transactions that can be more efficiently processed and can be moved between chains through a sidechain approach.

Category / Keywords: applications / Blockchain, Cryptocurrency

Date: received 16 Jul 2020

Contact author: chimeric ledgers at protonmail com

Available format(s): PDF | BibTeX Citation

Version: 20200716:174601 (All versions of this report)

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