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
Creative Commons Attribution
CC BY

BibTeX

@misc{cryptoeprint:2020/895,
      author = {Joachim Zahnentferner},
      title = {Multi-Currency Ledgers},
      howpublished = {Cryptology ePrint Archive, Paper 2020/895},
      year = {2020},
      note = {\url{https://eprint.iacr.org/2020/895}},
      url = {https://eprint.iacr.org/2020/895}
}
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