Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
David Begor Lancashire0
Richard Michael Parris0
Date of Patent
February 25, 2020
0Patent Application Number
162495140
Date Filed
January 16, 2019
0Patent Citations
Patent Citations Received
Patent Primary Examiner
Patent abstract
Novel tools and techniques are provided for implementing blockchain transactions, and, more particularly, to methods, systems, and apparatuses for securing a blockchain with proof-of-transactions. In various embodiments, the blockchain system utilizes a proof-of-transactions approach that is based on a multi-player voting system and that is not susceptible to a free-rider problem that affects many other cryptocurrencies. The proof-of-transactions approach allows the cryptocurrency network to divide revenue between the nodes in the peer-to-peer network that provides bandwidth and connectivity and a set of other nodes that solve computational puzzles that safeguard the security of the blockchain system.
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