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Byzantine Swaps
February 28 @ 12:00 pm - 1:30 pm
Blockchain interoperability has the potential to unlock magnitudes more value from the disparate and siloed layer-one ecosystems, functionally doing for the industry what the Hypertext Transmission Protocol (HTTP) did for the fledgling internet.
The prior art for cross-chain transactions primarily involved utilization of bridges as the most popular choice, with atomic cross-chain swaps following suit. However, the fundamental security limits of bridges and the string of recent exploits block mass-adoption.
In this talk, we propose “Byzantine Swaps”: a novel iteration of trustless cross-chain atomic swaps with greater security guarantees as an alternative to classical bridges and to advance security-centric interoperability developments in Blockchain R&D. We also perform a live demonstration of the cross-chain transfer of Nonfungible and Fungible assets across a Fabric-to-Fabric Network atop Hyperledger Weaver.
To learn more about Weaver, check out the Hyperledger Cacti project at: https://wiki.hyperledger.org/display/cactus
