Blockchain-Based Digital Asset Circulation: A Survey and Future Challenges

Abstract

The circulation of digital assets has become increasingly crucial in today’s digital economy, reflecting both its growing importance and the challenges it faces. Blockchain technology, with its inherent symmetry, has emerged as a transformative force in facilitating digital asset circulation, addressing various issues related to security, efficiency, and transparency. This paper aims to advance the development of digital asset circulation technologies by focusing on four key blockchain-based technologies: smart contracts, consensus algorithms, cross-chain technology, and decentralized exchanges. These technologies embody symmetry in their structure and operation, ensuring balanced and secure asset management across decentralized networks. This paper reviews the evolution of these key technologies, highlighting their contributions to the digital asset ecosystem. It explores effective application cases and analyzes the current challenges each technology faces. Additionally, this paper provides insights into potential future developments and directions to address these challenges and enhance the overall efficiency and reliability of digital asset circulation.

Keywords

• digital asset circulation
• smart contact
• consensus protocol
• cross-chain
• privacy protection
• decentralized exchange