Deep Ocean: A blockchain-agnostic dark pool protocol
This addresses the need for privacy in cryptocurrency trading for users, though it appears incremental as it builds on existing cryptographic and blockchain concepts.
The paper tackles the problem of enabling private cryptocurrency trading by introducing Deep Ocean, a blockchain-agnostic dark pool protocol that operates as a layer-two solution, allowing it to work with any two cryptocurrencies using underlying settlement mechanisms like atomic swaps.
We introduce a new cryptographic protocol, called Deep Ocean, that implements a blockchain-agnostic dark pool for cryptocurrencies. Deep Ocean is a layer-two protocol, meaning that it can work with any two cryptocurrencies, as long as there exists an underlying settlement mechanism, for example performing atomic swaps.