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![]() Title:Towards a Broadcast Time-Lock Based Token Exchange Protocol Conference:Euro-Par2021 Tags:cross-chain communication, decentralized exchange and time-lock puzzle Abstract: Many proposals for token exchange mechanisms between multiple parties have centralization points. This prevents a completely trustless and secure exchange between those parties. The main issue lies in the fact that communications in projects using a blockchain are asynchronous: classical result asserts that in an asynchronous system a secure exchange of secrets is impossible, unless there is a trusted third party. In this paper, we propose our preliminary results in the creation of our Broadcast Time-Lock Exchange (BTLE) protocol. The core of BTLE is the introduction of synchronicity in communications through the use of time-lock puzzles. This makes it possible to exchange secrets between two parties while eliminating the need for a trusted third party. Towards a Broadcast Time-Lock Based Token Exchange Protocol ![]() Towards a Broadcast Time-Lock Based Token Exchange Protocol | ||||
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