Decentralized and Lightweight Cross-Chain Transaction Scheme Based on Proxy Re-signature

With the widespread application of digital assets and the rapid development of blockchain technology, achieving secure and efficient transactions between different blockchain networks has become an urgent challenge. Existing cross-chain methods impose limitations, e.g., hash lock technology exhibits low scalability, side-chain technology is overly complex, and notary schemes pose centralization risks. In order to address these issues, we propose a cross-chain transaction solution based on proxy re-signature technology. To tackle the centralization concerns, we employ proxy re-signature technology to decentralize the authority of notaries among transaction participants, minimizing the potential for centralization at a low cost. We further present an extended scheme that can guarantee more requirements such as higher transaction amount and shorter transaction time. Furthermore, we analyze and compare the signature technologies used in the proposed solution and provide a systematic proof of our approach’s security.