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Feasibility of Cross-Chain Payment with Success Guarantees

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Published:09 July 2020Publication History

ABSTRACT

We consider the problem of cross-chain payment whereby customers of different escrows---implemented by a bank or a blockchain smart contract---successfully transfer digital assets without trusting each other. Prior to this work, cross-chain payment problems did not require this success, or any form of progress. We demonstrate that it is possible to solve this problem when assuming synchrony, in the sense that each message is guaranteed to arrive within a known amount of time, but impossible to solve without assuming synchrony. Yet, we solve a weaker variant of this problem, where success is conditional on the patience of the participants, without assuming synchrony, and in the presence of Byzantine failures. We also discuss the relation with the recently defined cross-chain deals.

References

  1. Cynthia Dwork, Nancy A. Lynch, and Larry J. Stockmeyer. 1988. Consensus in the presence of partial synchrony. J. ACM, Vol. 35, 2 (1988), 288--323. https://doi.org/10.1145/42282.42283Google ScholarGoogle ScholarDigital LibraryDigital Library
  2. Vassos Hadzilacos. 1990. On the Relationship Between the Atomic Commitment and Consensus Problems. In rm Proc. Asilomar Workshop on Fault-Tolerant Distributed Computing (LNCS). Springer, 201--208. https://doi.org/10.1007/BFb0042336Google ScholarGoogle ScholarCross RefCross Ref
  3. Maurice Herlihy, Barbara Liskov, and Liuba Shrira. 2019. Cross-Chain Deals and Adversarial Commerce. Proceedings of the VLDB Endowment, Vol. 13, 2 (Oct. 2019), 100--113. arxiv: 1905.09743v5Google ScholarGoogle ScholarDigital LibraryDigital Library
  4. Stefan Thomas and Evan Schwartz. 2015. A Protocol for Interledger Payments. Available at https://interledger.org/interledger.pdf.Google ScholarGoogle Scholar
  5. Rob van Glabbeek, Vincent Gramoli, and Pierre Tholoniat. 2019. Cross-Chain Payment Protocols with Success Guarantees. http://arxiv.org/abs/1912.04513Google ScholarGoogle Scholar

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  1. Feasibility of Cross-Chain Payment with Success Guarantees

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    • Published in

      cover image ACM Conferences
      SPAA '20: Proceedings of the 32nd ACM Symposium on Parallelism in Algorithms and Architectures
      July 2020
      601 pages
      ISBN:9781450369350
      DOI:10.1145/3350755

      Copyright © 2020 Owner/Author

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      Association for Computing Machinery

      New York, NY, United States

      Publication History

      • Published: 9 July 2020

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      Overall Acceptance Rate447of1,461submissions,31%

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