IEEE/ICACT20240467 Slide.06
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IEEE/ICACT20240467 Slide.06
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Notary Schemes and Hash Time Lock Contracts (HTLCs) are fundamentally linked to blockchain interoperability. Notary systems function as dependable intermediaries for transactions, providing trusted mechanisms for cross-chain verification and data transmission, they implement centralized trust. HTLCs, conversely, serve as the foundation for decentralized inter-chain trading, facilitating the exchange of cryptocurrencies in a secure and trustless manner, lacking of any intermediary structure. | |
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