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Foundations of BlockchainBlockchain Interoperability from the Perspective of Interdependent Networks

Foundations of Blockchain: Blockchain Interoperability from the Perspective of Interdependent... [In this chapter, we discuss blockchain interoperability from the perspective of interdependent networks. At first, we define blockchain interoperability, describe the design philosophy of interoperability explaining its entire life-cycle (including data generation, cross-chain mechanism, verification, smart contract, and API), and present a high-level representation of blockchain interoperability. After that, we describe how the blockchain interoperability concept can be beneficial for interdependent networks. We analyze the possible challenges we may face while enabling interoperability amongst multiple blockchains and show a comparison of existing blockchain interoperability schemes. To the end, we present open issues with challenges and highlight some research directions on the blockchain interoperability domain.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Foundations of BlockchainBlockchain Interoperability from the Perspective of Interdependent Networks

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-75024-4
Pages
29 –38
DOI
10.1007/978-3-030-75025-1_3
Publisher site
See Chapter on Publisher Site

Abstract

[In this chapter, we discuss blockchain interoperability from the perspective of interdependent networks. At first, we define blockchain interoperability, describe the design philosophy of interoperability explaining its entire life-cycle (including data generation, cross-chain mechanism, verification, smart contract, and API), and present a high-level representation of blockchain interoperability. After that, we describe how the blockchain interoperability concept can be beneficial for interdependent networks. We analyze the possible challenges we may face while enabling interoperability amongst multiple blockchains and show a comparison of existing blockchain interoperability schemes. To the end, we present open issues with challenges and highlight some research directions on the blockchain interoperability domain.]

Published: Apr 15, 2021

Keywords: Interoperability; Blockchain; Decentralization; Architecture; Cross-chain mechanism; Verification; Smart-contracts; Interdependent networks; Atomicity; Universality; Security; Efficiency

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