In this article, we propose a pilot alternately assisted scheme of orthogonal dual-polarization and time multiplexing for the local local oscillator continuous-variable quantum key distribution (LLO CV-QKD). Our scheme utilizes time multiplexing and dual-polarization multiplexing techniques to dramatically isolate the quantum signal from the pilot light. To analyze the influence mechanism of time-domain diffusion and polarization perturbation on the key parameters, such as the channel transmittance and excess noise, of the studied system, a general LLO excess noise model based on polarization extinction ratio (PER) and time-domain pulse extinction ratio (TER) is established. We mainly focus on the photon-leakage noise from the reference path to the quantum signal path, which is first analyzed in the dual polarization LLO regime. Furthermore, we conduct a series of simulations to verify the proposed dual polarization and time multiplexing model. Results show that it maintains a low level of excess noise and a secure key rate (SKR) of 10.25 Mbps@25km can be obtained under the finite-size effect. We achieved 0.93Mbps@25km SKR under a relatively low PER of 17 dB in the nanosecond level pulse width. Our work greatly extends the application scenarios of the dual-polarization division multiplexing CV-QKD system and provides a theoretical and representative framework for the study of improving the performance of the dual-polarization CV-QKD system.
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