A Cross-Chain Transmission Protocol Based Oracle

Hang Zhang*, Heng Pan, Xueming Si, Yufeng Zhan

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Blockchain cross-chain technology aims to solve the problem that data, assets, and information between different blockchains are not directly interoperable. Currently, most cross-chain technologies are limited to transmitting either messages or tokens. We design an oracle-based cross-chain protocol (OCP) for transferring tokens, messages, or both in a single cross-chain transaction. This allows smart contracts to transfer tokens across chains and attach instructions to specify what the receiving smart contract should do after receiving the token on the target chain. Through the grouping of oracle nodes, cross-chain data processing can be faster and more efficient, and security can be ensured during the transmission process. Moreover, it also allows tokenized assets to interact dynamically when they arrive at their destination. This article uses the OCP protocol as an example to explore more possibilities for cross-chain communication, which is not limited to message transmission, but can also achieve efficient and fast cross-chain data and token interaction through oracles, thereby providing a more flexible cross-chain solution.

Original languageEnglish
Title of host publicationBlockchain Technology and Application - 7th CCF China Blockchain Conference, CBCC 2024, Revised Selected Papers
EditorsLiehuang Zhu, Yi Sun, Jianming Zhu, Qianhong Wu, Xianhua Song, Zeguang Lu
PublisherSpringer Science and Business Media Deutschland GmbH
Pages79-92
Number of pages14
ISBN (Print)9789819662319
DOIs
Publication statusPublished - 2025
Externally publishedYes
Event7th CCF China Blockchain Conference, CBCC 2024 - Shanghai, China
Duration: 13 Dec 202415 Dec 2024

Publication series

NameCommunications in Computer and Information Science
Volume2497 CCIS
ISSN (Print)1865-0929
ISSN (Electronic)1865-0937

Conference

Conference7th CCF China Blockchain Conference, CBCC 2024
Country/TerritoryChina
CityShanghai
Period13/12/2415/12/24

Keywords

  • blockchain
  • cross-chain
  • oracle
  • smart contract

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