Block Convey
  • ⛓️Block Convey
  • Introduction
  • Blockchain Technology
    • Taxonomies of blockchain system architecture
    • Drivers & Enablers of Blockchain Technology
  • About Block Convey
    • Vision
  • Block Convey Blockchain Infrastructure
    • Existing Blockchains
    • Intra and Interoperability
    • Blockchain Trilemma
    • BlockConvey Blockchain
    • BlockConvey Protocol Components
    • Interoperability
    • Multi Party Computation
  • Network Topology
    • BlockConvey Network Distribution
    • Authority Node Network
    • Master Node Network
    • Light Node Network
  • Blockchain Consensus Mechanisms
    • Proof of Authority Consensus
    • Conditions for Proof of Authority Consensus
    • Limitations
  • Utility Token
    • Utility Token VS Security Token
  • Summary and Suggestion
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  1. Block Convey Blockchain Infrastructure

Interoperability

PreviousBlockConvey Protocol ComponentsNextMulti Party Computation

Last updated 1 year ago

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A good blockchain should have interoperability features. A small number of nodes are designated as inter-domain gateway nodes and process software, hardware, and trusted computing base. Ideally, all nodes should be capable of becoming gateway nodes and forming gateways, but we restrict it to specific nodes. This could be clearly defined in figure 4.1.

Intraoperability is achievable by using AMMs (Automated Market Markers). Which currently operates as dark pools in many networks. Intraoperability to be fully achieved in our network,

AMMs should become market players, dominating centralized exchanges. While appealing in theory, time will tell if such dominance is achievable in practice in the same blockchain.

BlockConvey Payment Channel: BlockConvey would operate a state channel where payments will be settled once the transaction is completed. The transactions in the channel are settled in the blockchain.

Figure 4.1 Gateway to Gateway transfer protocol.
Figure 4.1 Gateway to Gateway transfer protocol. Source: mit.edu