Year: 2020
Type: preprint
Abstract: In many typical application scenarios, it is necessary to revoke the incorrect account operations caused by user mis-operation, financial fraud, illegal hacking, etc. Unfortunately, users often blur the lines between the concept of "transaction state revocable" and "business status revocable", which result in revocable transaction not universally supported in blockchain systems at present. In this work, we propose GateChain , a blockchain that support revocable transaction model (RTM) on distributed ledger. Specifically, based on the state-of-the-art blockchain technologies, GateChain can safely withdraw the account status change operations by leveraging an improved account model and extra designed transaction types. On that basis, GateChain exploit the characteristics of functional completeness, easy to deployment and lower complexity.
Source: arXiv (Cornell University)
Author: Gates, Victor
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W3003531769