Invention Grant
- Patent Title: Network consensus-based data processing
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Application No.: US17142039Application Date: 2021-01-05
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Publication No.: US11062280B1Publication Date: 2021-07-13
- Inventor: Aaron Blankstein , Muneeb Ali , Michael J. Freedman , Diwaker Gupta , Jude Nelson , Jesse Soslow , Patrick Stanley
- Applicant: Hiro Systems PBC
- Applicant Address: US NY New York
- Assignee: Hiro Systems PBC
- Current Assignee: Hiro Systems PBC
- Current Assignee Address: US NY New York
- Agency: Knobbe Martens Olson & Bear LLP
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06Q20/36 ; H04L9/06 ; H04L9/32 ; G06Q20/22

Abstract:
An improved blockchain implementation that uses proof-of-transfer to overcome the technical deficiencies of proof of work and proof-of-stake implementations is described herein. For example, the proof-of-transfer process may include elements of a single-leader election sortition, but modified to cause base chain cryptocurrency committed for the purposes of the sortition to be transferred to a burn address or at least one reward address.
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