Enhancing Cross-Chain Interoperability in Decentralized Finance: A Novel Consensus-Based Bridge Protocol

Patel Bhaumikkumar Mukeshbhai; Bhaumik Patel

May-December 2023

Volume 1, Issue 1 - undefined 2023

Issue Details:

Volume 1 Issue 1

Published:Invalid Date

Editorial: May-December 2023

This issue features innovative studies on blockchain technology, covering security, smart contracts, decentralized systems, digital assets, and real-world applications across finance, healthcare, and data management.

Dr. Parin Patel
Editor-in-Chief
Journal of Emerging Trends in Blockchain Technology (JETBT)

Articles in This Issue

Showing 2 of 2 articles

Research PaperID: JETBT110001

A Conceptual Framework on Block Chain

Bhaumik Patel

The block chain is recently introduced and revolutionizing the digital world bringing a new perspective to security, resiliency, and efficiency of system. The focus of the study is to understand how the blocks are created in the block chain and how the decentralized shared economy applications that allow the people to secure their things that was previously unattainable to create more wealth.

BlockchainDigital transformationSecurityResiliencySystem efficiencyBlock creation+8 more

2,454 views

702 downloads

Contributors:

Bhaumik Patel

Research PaperID: JETBT110002

Enhancing Cross-Chain Interoperability in Decentralized Finance: A Novel Consensus-Based Bridge Protocol

Patel Bhaumikkumar Mukeshbhai

Cross-chain interoperability remains one of the most critical challenges in blockchain technology, particularly within decentralized finance (DeFi) ecosystems. Current bridge protocols suffer from security vulnerabilities, high transaction costs, and limited scalability. This paper proposes a novel Consensus-Based Bridge Protocol (CBBP) that leverages multi-signature validation combined with zero-knowledge proofs to enable secure, efficient, and scalable cross-chain asset transfers. Our experimental results demonstrate a 43% reduction in transaction costs and a 67% improvement in security metrics compared to existing bridge solutions. The protocol has been tested across Ethereum, Polygon, and Binance Smart Chain networks, showing promising results for real-world implementation.

BlockchainCross-Chain InteroperabilityDeFiZero-Knowledge ProofsBridge Protocols

2,162 views

797 downloads

Contributors:

Patel Bhaumikkumar Mukeshbhai