Decentralized Cross-Blockchain Asset Transfers
This addresses the need for secure and versatile asset transfers between blockchains, which is incremental as it builds on existing solutions by adding support for arbitrary assets and finality.
The paper tackles the problem of cross-blockchain asset transfers by proposing a protocol that supports arbitrary assets and ensures finality guarantees, potentially increasing transaction throughput and offering developers more flexibility.
Today, several solutions for cross-blockchain asset transfers exist. However, these solutions are either tailored to specific assets or neglect finality guarantees that prevent assets from getting lost in transit. In this paper, we present a cross-blockchain asset transfer protocol that supports arbitrary assets and adheres to finality requirements. The ability to freely transfer assets between blockchains may increase transaction throughput and provide developers with more flexibility by allowing them to design digital assets that leverage the capacities and capabilities of multiple blockchains.