Invention Grant
- Patent Title: System and method for optimizing cryptocurrency transactions
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Application No.: US16230437Application Date: 2018-12-21
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Publication No.: US10861008B2Publication Date: 2020-12-08
- Inventor: Austin Grant Walters , Jeremy Edward Goodsitt , Fardin Abdi Taghi Abad , Anh Truong , Vincent Pham
- Applicant: Capital One Services, LLC
- Applicant Address: US VA McLean
- Assignee: Capital One Services, LLC
- Current Assignee: Capital One Services, LLC
- Current Assignee Address: US VA McLean
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06Q20/40

Abstract:
In the disclosed transaction processing system, a system and method are described that increase the ease of access and use of different currency networks by consumers using customizable transaction devices. The customizable transaction devices may be re-programmed prior to or during a currency transaction in accordance with the consensus protocol of the currency network associated with the currency transaction. The currency network further includes one or more host devices, each of which include an interface configured to communicate with a transaction device for the purposes of re-programming a Field Programmable Gate Array (FPGA) of the transaction device according to one or more currency network consensus protocols. Optimizing the performance of transaction devices for proof-of-work or other consensus protocol processing decreases the latency associated with validating currency network transactions, thereby increasing the suitability of cryptocurrency for retail transactions.
Public/Granted literature
- US2221011A Method and apparatus for producing mineral wool Public/Granted day:1940-11-12
Information query