Invention Grant
- Patent Title: Method for issuing currency and making payment by managing balance database for each block in blockchain network and server using same
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Application No.: US16380627Application Date: 2019-04-10
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Publication No.: US11037111B2Publication Date: 2021-06-15
- Inventor: Joo Han Song , Jay Wu Hong , Joon Sun Uhr
- Applicant: Coinplug, Inc.
- Applicant Address: KR Gyeonggi-do
- Assignee: Coinplug, Inc.
- Current Assignee: Coinplug, Inc.
- Current Assignee Address: KR Gyeonggi-do
- Agency: Xsensus LLP
- Priority: KR10-2016-0140170 20161026
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/38 ; G06Q40/02

Abstract:
Provided in the present invention is a method comprising steps of: (a) confirming validity of a currency issuing transaction and a currency issuer when the currency issuing transaction including (i) a specific unique nonce, (ii) a receiver of the currency, (iii) issued amount of the currency, (iv) a public key of the currency issuer, and (v) a signature value of the currency issuer signing the (i), (ii), (iii), and (iv) with a private key of the currency issuer is obtained, and if valid, registering the currency issuing transaction on a private BCDB, wherein registering includes updating a balance database by referencing amount of change in balance due to the issued amount of the currency, included in the currency issuing transaction; and (b) registering, on the public BCDB, a specific representative hash value generated by calculating an associated hash value matching the specific hash value, when a specific condition is satisfied.
Public/Granted literature
Information query