Patents Assigned to Celo Foundation
  • Patent number: 11140094
    Abstract: Systems and techniques are provided for a resource stabilization in a distributed network. A computing device in a distributed network may check the median value of a transactional resource in relation to a specified external resource. The computing device in the distributed network may compare the median value of the transactional resource to a threshold value for the transactional resource to determine whether the median value of the transactional resource is above the threshold value or below the threshold value. The supply of the transactional resource in the distributed network may be increased in response to determining that the transactional resource is above the threshold value or may be in response to determining that the transactional resource is below the threshold value.
    Type: Grant
    Filed: March 20, 2020
    Date of Patent: October 5, 2021
    Assignee: Celo Foundation
    Inventors: Sepandar Kamvar, Marek Olszewski, Rene Reinsberg, Marcin Jerzy Chrzanowski, Asa Oines, Roman Croessmann, Markus Franke
  • Patent number: 11018989
    Abstract: Systems and techniques are provided for a resource stabilization in a distributed network. A computing device in a distributed network may check the median value of a transactional resource in relation to a specified external resource. The computing device in the distributed network may compare the median value of the transactional resource to a threshold value for the transactional resource to determine whether the median value of the transactional resource is above the threshold value or below the threshold value. The supply of the transactional resource in the distributed network may be increased in response to determining that the transactional resource is above the threshold value or may be in response to determining that the transactional resource is below the threshold value.
    Type: Grant
    Filed: March 20, 2020
    Date of Patent: May 25, 2021
    Assignee: Celo Foundation
    Inventors: Sepandar Kamvar, Marek Olszewski, Rene Reinsberg, Marcin Jerzy Chrzanowski, Asa Oines, Roman Croessmann, Markus Franke