On January 30th, 2020, the first academic thesis of GateChain in the field of cryptography named “Gatechain - RTM: Blockchain That Supports Revocable Transaction Model” was released on the arXiv platform.
As one of the most revolutionary technologies, blockchain has huge development potential. And a distributed ledger, an important application of a blockchain, can effectively record the trading history in users’ accounts. However, in many typical application scenarios, it is necessary to revoke incorrect operations caused by user misoperation, hacking, etc. Unfortunately, users often blur the lines between the concept of “revocable transaction state” and “revocable business status”. The technology is still limited, which results in that revocable transactions are not universally supported in blockchain s at present.
This paper proposes GateChain; a sound, diversified and innovative blockchain that supports revocable transaction model (RTM) on a distributed ledger to prevent the loss of assets from a users’ misoperation and hacking. Specifically, based on state-of-the-art technology, Gatechain can safely withdraw the users’ misoperations on the accounts. On that basis, Gatechain strives to exploit and improve the functions to provide a comprehensive, secure and concise environment for users. An even more academic thesis will be coming to prove GateChain’s contributions to front-tier researches and industrial technologies.
Thesis title: RTM: Blockchain That Supports Revocable Transaction Model
link to the paper:
ArXiv: https://arxiv.org/abs/2001.11259
PDF Document: https://arxiv.org/pdf/2001.11259.pdf
Google Scholar: https://scholar.google.com/scholar?q=RTM%3A%20Blockchain%20That%20Support%20Revocable%20Transaction%20M
Subjects: Cryptography and Security (cs.CR)
Cite as: arXiv:2001.11259 [cs.CR]
For more details on GateChain's innovations, please check out our Research and Lectures.
- Gate Research: An Overview of Blockchain Technical Challenges & GateChain’s Innovations https://www.gate.com/help/research/17166
- GateChain Lead Architect YiXiu: Public Blockchain and its Technical Challenges (1)(in Chinese) https://www.gate.com/help/research/17166
- GateChain Lead Architect YiXiu: Public Blockchain and its Technical Challenges (2) (in Chinese) https://www.gate.com/help/livetext/17145
- GateChain Lead Architect YiXiu: Public Blockchain and its Technical Challenges (3) (in Chinese) https://www.gate.com/help/livetext/17146
- Gate Live with YiXiu: Quantum Attacks on Blockchain (1) (in Chinese) https://www.gate.com/help/livetext/17162
- Gate Live with YiXiu: Quantum Attacks on Blockchain (2) (in Chinese) https://www.gate.com/help/livetext/17163
- Gate Live with YiXiu: Quantum Attacks on Blockchain (3) (in Chinese) https://www.gate.com/help/livetext/17164
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February 6, 2020
