Interledger Approaches

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dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorSiris, Vasilios A.en_US
dc.contributor.authorNikander, Pekkaen_US
dc.contributor.authorVoulgaris, Spyrosen_US
dc.contributor.authorFotiou, Nikosen_US
dc.contributor.authorLagutin, Dmitrijen_US
dc.contributor.authorPolyzos, George C.en_US
dc.contributor.departmentDepartment of Communications and Networkingen
dc.contributor.groupauthorNetwork Security and Trusten
dc.contributor.organizationAthens University of Economics and Businessen_US
dc.date.accessioned2019-08-15T08:24:48Z
dc.date.available2019-08-15T08:24:48Z
dc.date.issued2019-01-01en_US
dc.description| openaire: EC/H2020/779984/EU//SOFIE
dc.description.abstractWhile blockchains and more generally distributed ledger technologies (DLTs) are passing over their hype curve peak, their shortcomings are becoming more apparent. One relatively recent approach to address their performance, scalability, privacy, and other problems are to use multiple different DLTs instead of relying on just one. While there are no really established standards for combining several DLTs, a few repeating patterns can be observed. In this paper, we present a survey of interledger approaches, discussing and comparing their underlying mechanisms. A shared motivation for all of the discussed interledger solutions is to move away from the 'one chain rules them all' model to one that allows the interconnection of multiple ledgers, with different features and advantages, while also supporting innovation. The interledger approaches discussed in this survey include 1) atomic cross-chain transactions, 2) transactions across a network of payment channels, 3) the W3C Interledger Protocol (ILP), 4) bridging, 5) sidechains, and 6) ledger-of-ledgers. The approaches are compared according to whether they support the transfer or the exchange of value, their interconnection trust mechanism, complexity, scalability, and transaction cost.en
dc.description.versionPeer revieweden
dc.format.extent19
dc.format.extent89948-89966
dc.format.mimetypeapplication/pdfen_US
dc.identifier.citationSiris, V A, Nikander, P, Voulgaris, S, Fotiou, N, Lagutin, D & Polyzos, G C 2019, ' Interledger Approaches ', IEEE Access, vol. 7, 8755830, pp. 89948-89966 . https://doi.org/10.1109/ACCESS.2019.2926880en
dc.identifier.doi10.1109/ACCESS.2019.2926880en_US
dc.identifier.issn2169-3536
dc.identifier.otherPURE UUID: 85c76a45-8551-49a9-9fb5-f9116dd1280fen_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/85c76a45-8551-49a9-9fb5-f9116dd1280fen_US
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85069791448&partnerID=8YFLogxKen_US
dc.identifier.otherPURE FILEURL: https://research.aalto.fi/files/35799505/ELEC_Siris_Interledger_approaches_IEEEAccess.pdfen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/39703
dc.identifier.urnURN:NBN:fi:aalto-201908154748
dc.language.isoenen
dc.publisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
dc.relationinfo:eu-repo/grantAgreement/EC/H2020/779984/EU//SOFIEen_US
dc.relation.ispartofseriesIEEE Accessen
dc.relation.ispartofseriesVolume 7en
dc.rightsopenAccessen
dc.subject.keywordAtomic swapsen_US
dc.subject.keywordblockchainen_US
dc.subject.keywordcross-chain transactionsen_US
dc.subject.keyworddistributed ledger technologies (DLTs)en_US
dc.subject.keywordhash-locksen_US
dc.subject.keywordinterledger protocol (ILP)en_US
dc.subject.keywordsidechainsen_US
dc.subject.keywordtime-locksen_US
dc.titleInterledger Approachesen
dc.typeA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessäfi
dc.type.versionpublishedVersion
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