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Related Experiment Video

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Dynamic Adaptive Cross-Chain Trading Mode for Multi-Microgrid Joint Operation.

Longze Wang1, Jing Wu2, Rongfang Yuan2

  • 1State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, School of New Energy, North China Electric Power University, Beijing 102206, China.

Sensors (Basel, Switzerland)
|October 30, 2020
PubMed
Summary
This summary is machine-generated.

This study introduces a new cross-chain trading method for energy blockchains, enhancing peer-to-peer power trading in microgrids. It ensures secure data communication and value transfer between different blockchain networks.

Keywords:
blockchainconsensus mechanismcross-chain tradingkey management interoperability protocolmulti-microgrid

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Area of Science:

  • Energy Systems Engineering
  • Blockchain Technology
  • Distributed Ledger Technology

Background:

  • Blockchain technology offers new opportunities for peer-to-peer energy trading in microgrids.
  • Interoperability challenges, including data communication and value transfer, hinder the scalability of energy blockchain projects.
  • Existing blockchain architectures face difficulties in seamless cross-chain data exchange and consensus.

Purpose of the Study:

  • To propose a dynamic adaptive cross-chain trading mode for multi-microgrid joint operation.
  • To address the issues of data communication and value islands between blockchain networks.
  • To enable secure and efficient cross-chain transactions in energy systems.

Main Methods:

  • Development of a proof of credit threshold consensus mechanism for information verification.
  • Design of a key management interoperability protocol utilizing RSA and the Chinese Remainder Theorem.
  • Theoretical analysis to validate information effectiveness and security against malicious nodes.
  • Establishment of a cross-chain simulation experiment to evaluate operational efficiency.

Main Results:

  • The proposed consensus mechanism ensures adaptive consistency of cross-chain information without altering existing blockchain architectures.
  • The interoperability protocol facilitates secure data transfer and information consensus for cross-chain transactions.
  • Theoretical analysis confirmed the effectiveness of cross-chain communication and the system's resilience to attacks.
  • Simulation experiments demonstrated that cross-chain trading is completed within seconds, meeting multi-microgrid operational requirements.

Conclusions:

  • The dynamic adaptive cross-chain trading mode effectively addresses interoperability challenges in multi-microgrid energy systems.
  • The novel consensus mechanism and interoperability protocol provide a secure and efficient solution for cross-chain energy trading.
  • The proposed system enhances the scalability and performance of energy blockchain applications, paving the way for wider adoption.