Paper 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.
Metadata
- Available format(s)
-
PDF
- Category
- Applications
- Publication info
- Preprint. MINOR revision.
- Keywords
- BlockchainCryptocurrency
- Contact author(s)
- chimeric ledgers @ protonmail com
- History
- 2020-07-16: received
- Short URL
- https://ia.cr/2020/895
- License
-
CC BY
BibTeX
@misc{cryptoeprint:2020/895,
author = {Joachim Zahnentferner},
title = {Multi-Currency Ledgers},
howpublished = {Cryptology {ePrint} Archive, Paper 2020/895},
year = {2020},
url = {https://eprint.iacr.org/2020/895}
}
