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A study of blockchain-based liquidity cross-chain model

Author

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  • Yutong Han
  • Chundong Wang
  • Huaibin Wang
  • Yi Yang
  • Xi Wang

Abstract

Blockchain cross-chaining is about interconnectivity and interoperability between chains and involves both physical to virtual digital aspects and cross-chaining between digital networks. During the process, the liquidity transfer of information or assets can increase the use of items with other chains, so it is worth noting that the enhancement of cross-chain liquidity is of great practical importance to cross-chain technology. In this model, Layerzero is used as the primary secure cross-chain facility to build a full-chain identity by unifying NFT-distributed autonomous cross-chain identity IDs; applying super-contract pairs to enhance cross-chain liquidity; and initiating a dynamic transaction node creditworthiness model to increase the security of the cross-chain model and its risk management. Finally, by verifying three important property metrics timeliness is improved by at least 18%, robustness is increased by at least 50.9%, and radius of convergence is reduced by at least 25%. It is verified that the liquidity cross-chain model can eliminate the authentication transition between hierarchies while saving the cross-chain time cost, as a way to truly realize the liquid interoperability between multiple chains of blockchain.

Suggested Citation

  • Yutong Han & Chundong Wang & Huaibin Wang & Yi Yang & Xi Wang, 2024. "A study of blockchain-based liquidity cross-chain model," PLOS ONE, Public Library of Science, vol. 19(6), pages 1-23, June.
    • Handle: RePEc:plo:pone00:0302145
    DOI: 10.1371/journal.pone.0302145
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