CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Circle Develops Recoverable Blockchain Transaction Mechanism

10.12.2023
A A
0
123
VIEWS
ShareShare

Circle developers have unveiled a groundbreaking concept called Recoverable Wrapper Tokens (RWT) that will make blockchain transactions reversible. The solution is intended to improve the security of digital assets.

Circle Creates Mechanism for Reversible Transactions on Ethereum

Circle, a global FinTech company and issuer of the USD Coin (USDT) stablecoin, in collaboration with applied cryptography experts from Stanford University, has presented a white paper of a new technical solution — Recoverable Wrapper Tokens (RWT). According to the paper, this innovative product is aimed at reducing risks and increasing user confidence in blockchain.

A special RWT mechanism wraps ERC-20 tokens, creating an extra layer of security that doesn’t change the underlying token. Thus, the solution allows the owner to recover lost or stolen assets within a certain time frame after their transfer.

The Recoverable Wrapper Tokens (RWT) mechanism consists of the following steps:

  1. Wrapping. The mechanism creates an additional layer around ERC-20 tokens, leaving the token code unchanged.
  2. Recovery. After transferring the assets wrapped with RWT, the recipient won’t be able to use them during the time period prescribed in the code. During this time frame, the sender can initiate a refund.
  3. Refund. If during the allotted time period the owner discovers that the assets have been stolen, for example, they can initiate a return procedure. The assets can be returned to the owner automatically.

The RWT configuration implies that developers can customize the functionality of the solution by changing:

  • the period within which transactions can be canceled, e.g., 24 hours or three days;
  • an arbitration system to resolve disputed cases;
  • the rules and conditions of token transfers.

This approach makes RWT a more flexible tool that can be adapted to different needs and usage scenarios. The solution’s open source code is available on GitHub.

To ensure the liquidity of wrapped tokens, Circle developers introduced the R-Pool model, whose main mechanisms enable to:

  • exchange wrapped tokens for underlying assets of the ERC-20 standard;
  • determine the exchange rate via the Automated Market R-Pool, which works similarly to AMM and assesses the risk of token return based on the transaction history of the address requesting the exchange;
  • assess the return risk of wrapped tokens independently through the Order Book R-Pool, which specifies all records of the liquidity provider.

The primary objective of the R-Pool model is to ensure that ERC-20 tokens wrapped with RWT are interoperable with existing DeFi protocols.

Circle is actively exploring the Web3 sector, providing developers with ready-made solutions and toolkits for creating Web3 apps. Earlier, a group of researchers from Stanford University proposed a concept that theoretically enables freezing and returning transactions within the Ethereum network.

Сообщение Circle Develops Recoverable Blockchain Transaction Mechanism появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
All news

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
0

A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according to a new...

Read moreDetails
Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
Load More
Next Post
BitTorrent Token (BTT) Price Doubles Amid Tron Blockchain Optimism

BitTorrent Token (BTT) Price Doubles Amid Tron Blockchain Optimism

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Morgan Stanley Considers Allowing Brokers to Recommend Spot Bitcoin ETFs to Clients

Morgan Stanley Considers Allowing Brokers to Recommend Spot Bitcoin ETFs to Clients

1 year ago
Jon Trask, CEO of Dimitra, on Blockchain Tech for Farming and Agriculture | Ep. 309

Jon Trask, CEO of Dimitra, on Blockchain Tech for Farming and Agriculture | Ep. 309

1 year ago
AMD Collaborates With Wormhole Ecosystem to Enhance Blockchain Interoperability with Hardware Accelerators

AMD Collaborates With Wormhole Ecosystem to Enhance Blockchain Interoperability with Hardware Accelerators

1 year ago
BTC price gains 6% as First Republic Bank drama delights Bitcoin bulls

BTC price gains 6% as First Republic Bank drama delights Bitcoin bulls

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

Shiba Inu Price Prediction: 602 Million SHIB Tokens Burned in One Go – Could This Be the First Step Toward $1 SHIB?

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

Pi Coin Price Prediction: Binance Listing Rumors Heat Up Again – Could PI Skyrocket Past $10? 

Trending

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns
All news

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

31.07.2025
0

A global malware campaign has exposed more than 10 million people to deceptive crypto app ads, according...

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

Kraken Revenue Rises to $411.6 Million in Q2, Up 18% from Last Year

31.07.2025
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

31.07.2025
ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

ChatGPT Predicts the Price of XRP, Shiba Inu and Cardano by the End of 2025

31.07.2025
Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

Prosecutors Investigating Ex-South Korean President Yoon Quiz ‘Crypto Fraudster’

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz