Real-time multiple-access exchange-party-free counterparty-secure exchange

Abstract

A decentralized multi-blockchain crypto exchange system includes a crypto exchange medium hosted at native addresses on each blockchain network, a protocol-based balance tracker, hold and release mechanisms, and a relay consensus component. The system tracks user balances and enforces asset custody, using protocol-based holds to lock assets until specific conditions are met. The relay consensus component generates and synchronizes relay proof values across blockchains, ensuring that all transfers succeed or revert collectively, preventing partial execution of cross-chain exchanges. Exchange orders are placed through peer-to-peer channels, specifying asset amounts and market-volume-based expiration criteria, with unmatched orders canceled when cumulative trading volume thresholds are reached. This design eliminates the need for off-chain servers, reducing latency and improving security. The system facilitates trustless, efficient cross-chain transactions, reduces counterparty risk, and supports various blockchain types, including proof-of-work and proof-of-stake networks, making the system appropriate for secure and scalable asset exchanges.

Dependencies are inferred from the claim text.