Invention Grant
- Patent Title: Using an internal ledger with blockchain transactions
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Application No.: US17219450Application Date: 2021-03-31
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Publication No.: US11922403B2Publication Date: 2024-03-05
- Inventor: Charles Gabriel Neale Dalton
- Applicant: PayPal, Inc.
- Applicant Address: US CA San Jose
- Assignee: PayPal, Inc.
- Current Assignee: PayPal, Inc.
- Current Assignee Address: US CA San Jose
- Agency: Kowert, Hood, Munyon, Rankin & Goetzel, P.C.
- Agent Dean M. Munyon
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06Q20/06 ; G06Q20/36 ; H04L9/06 ; H04L9/00

Abstract:
Systems, methods, and computer-readable media disclosed herein relate to reducing computation and computing resources for certain blockchain related transactions. Specifically, software algorithms and architecture allow some transactions to avoid the need for recordation on a blockchain, which can be computationally expensive both for a requesting device and for various nodes on the blockchain. Thus, a computer system may receive indications of incoming transactions transferring digital assets to particular user accounts, and in response to requests from user accounts, the computer system facilitates one or more internal transactions between those accounts. In response to a request from a particular internal user account, the computer system may perform an outgoing transaction transferring one or more digital assets to an external user account from one or more internal user accounts. The incoming transactions and outgoing transaction are recorded on the blockchain, but the internal transactions are recorded on an internal ledger rather than the blockchain, saving computational power and improving computer operations.
Public/Granted literature
- US20220318788A1 USING AN INTERNAL LEDGER WITH BLOCKCHAIN TRANSACTIONS Public/Granted day:2022-10-06
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