Blockchain time-agnostic swap Sample Clauses

Blockchain time-agnostic swap. Our second con- tribution is a novel cross chain atomic swap protocol that operates without blockchain time, which is made possible by using AVTC in a black box manner. We show that our protocol is not only “blockchain agnostic”, but has an additional beneficial property: our protocol allows parties to instantly abort the swap if both parties cooperate, while the current state of the art requires parties to wait until the timeouts expire, keeping their funds idly locked in escrow in the meanwhile. The downside of our protocol is that in case the parties do not cooperate in the abort procedure, they need to invest a moderate (several dozens of minutes to a couple of hours) time period of serial computation, whereas in the standard cross chain swap it is sufficient to wait that same time period.
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