A Cross-Chain Transaction Model for Power Blockchain Based on Hash-Locking Mechanism

Blockchain is a closed island in the traditional power transaction platform and cannot freely trade with others, which limits the flexibility and autonomy of the distributed power trading market. Aiming at the problems of network isolation and interoperability among different power blockchains, we proposed a general and compatible power cross-chain trading protocol based on hash time locking technology, where the transaction power and price are locked by hash time to realize cross-chain exchanges of different assets. A flexible and specialized smart contract framework is designed, which can be easily adapted and extended according to specific needs, promoting the flexibility and freedom of the distributed power market. And the experimental shows that the transaction processing capability is significantly better than that of the relays technology when dealing with multiple concurrency problems.