May 9, 2022, 1:20 a.m. | Daniel Engel, Yingjie Xue

cs.CR updates on arXiv.org arxiv.org

An option is a financial agreement between two parties to trade two assets.
One party is given the right, but not the obligation, to complete the swap
before a specified termination time. In todays financial markets, an option is
considered an asset which can itself be transferred: while an option is active,
one party can sell its rights (or obligations) to another. Todays blockchains
support simple options in the form of cross-chain atomic swap protocols where
one party has the …

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