Invention Grant
- Patent Title: Method and system of mining blockchain transactions provided by a validator node
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Application No.: US17959803Application Date: 2022-10-04
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Publication No.: US12008524B2Publication Date: 2024-06-11
- Inventor: Giuseppe Destefanis , Simone Madeo , Patrick Motylinski , Stephane Vincent
- Applicant: nChain Licensing AG
- Applicant Address: CH Zug
- Assignee: nChain Licensing AG
- Current Assignee: nChain Licensing AG
- Current Assignee Address: CH Zug
- Agency: Davis Wright Tremaine LLP
- Priority: GB 09518 2017.06.15
- Main IPC: G06Q20/06
- IPC: G06Q20/06 ; G06F16/23 ; G06Q20/36 ; G06Q20/38 ; H04L9/32

Abstract:
Validator nodes and methods of operating a validator node to process blockchain transactions. The validator node provides a plurality of mining nodes with access to a set of unconfirmed transactions, typically by providing a hash of those transactions, in exchange for a token from each of the mining nodes. If one of the plurality of mining nodes successfully mines a block containing the set of unconfirmed transactions, the validator node refunds the token to that mining node and retains the remaining tokens. If a miner other than one of the plurality of mining nodes successfully mines a block before any of the plurality of mining nodes is able to mine a block containing the set of unconfirmed transactions, then the validator node transfers to each of the plurality of mining nodes a modified token.
Public/Granted literature
- US20230153769A1 METHOD AND SYSTEM OF MINING BLOCKCHAIN TRANSACTIONS PROVIDED BY A VALIDATOR NODE Public/Granted day:2023-05-18
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