Master Thesis
Evaluating Interoperability Solutions on Smart-Contract-Enabled Blockchains
With the recent interest in blockchains, the demand for sending digital assets cross-chain is growing. As a result, several interoperability projects [1] (i.e., bridge and swap) are being developed and used in the wild, and billions of dollars in digital assets are locked in those projects. Yet the security and trade-offs of those projects are not well-defined.
In this work, we want to evaluate those recent interoperability projects. There are three main goals of this project:
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Abstracting Common Designs: First, we will look into the designs of interoperability projects in depth to extract the shared components (e.g., oracle, consensus, and cryptographic stacks) of most interoperability projects.
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Exacting Common Properties: The second goal is to clearly define different properties (e.g., Security, Speed, Availability, Monetary cost, and Privacy?) that interoperability projects want to achieve.
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Evaluating interoperability solutions: The project’s final goal is to evaluate different interoperability projects according to properties defined in the second goal.
References
[1] Alexei Zamyatin et al. SoK: Communication Accross Distributed Ledgers