Three-Stage Cross-Chain Protocol Based on Notary Group

Abstract

With the continuous development of blockchain technology and economy, blockchain applications have been well developed in multiple key areas. The demand for interoperability between different blockchains is also increasing. Cross-chain protocol has become a major approach to solve cross-chain problems by defining a series of cross-chain processes and standards. In response to the problems of long transaction time, high transaction costs, and high degree of centralization in most cross-chain protocols, this paper proposes a three-stage cross-chain protocol based on transaction notary groups and verification notary groups. Without increasing transaction costs and transaction time, the centralization problem of notary mechanism cross-chain technology is solved, realizing secure and fast interaction between different blockchains. Experimental results show that as long as malicious nodes in the notary group do not exceed one-third, the three-stage cross-chain protocol can effectively ensure the security of cross-chain transactions and solve the centralization problem.