Patents Assigned to Localcoin Ltd.
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Publication number: 20230186255Abstract: Method, system, and computer program product for executing cryptocurrency transactions. A request to execute a transaction related to a first cryptocurrency token is received by a secure ledger network. The secure ledger network executes a smart contract validated thereby and determining at least one rule for performing the transaction. Execution of the transaction comprising determining a price of the first cryptocurrency token and/or an amount of at least one of the first cryptocurrency token and another cryptocurrency token obtained in exchange of one another, based on a group of parameters comprising: a total amount (Tt) of the first cryptocurrency token in circulation, a total reserve (Tr) of the other cryptocurrency token in a reserve, and a reserve ratio constant (Rr) predefined as a ratio between the total reserve and a token market cap. A secure ledger maintained by the secure ledger network is updated about completion of the transaction.Type: ApplicationFiled: February 6, 2023Publication date: June 15, 2023Applicants: Bprotocol Foundation, Localcoin Ltd.Inventors: Eyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
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Patent number: 11574291Abstract: There may be provided a secure ledger network for executing cryptocurrency transactions, the secure ledger network includes at least one hardware processor, a non-transitory machine-readable storage medium having an executable computer readable program code, the at least one hardware processor configured to execute the computer-readable program code to: receive, by the secure ledger network, a request to validate a smart contract that determines at least one rule for performing a transaction related to a first cryptocurrency token, wherein an execution of the transaction comprising determining a price of the first cryptocurrency token based on a status of the first cryptocurrency token, and a status of an other cryptocurrency token; determine whether to validate the smart contract; when determining to validate the smart contract then updating a secure ledger maintained by the secure ledger network with the smart contract; receiving, by the secure ledger network, a request to execute a transaction related to tType: GrantFiled: January 8, 2018Date of Patent: February 7, 2023Assignees: Bprotocol Foundation, Localcoin Ltd.Inventors: Eyal Hertzog, Guy Benartzi, Galia Benartzi, Yehuda Levi
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Patent number: 11107049Abstract: There may be provided a secure ledger network for executing cryptocurrency transactions, the secure ledger network includes at least one hardware processor, a non-transitory machine-readable storage medium having an executable computer readable program code, the at least one hardware processor configured to execute the computer-readable program code to: receive, by the secure ledger network, a request to validate a smart contract that determines at least one rule for performing a transaction related to a first cryptocurrency token, wherein an execution of the transaction comprising determining a price of the first cryptocurrency token based on a status of the first cryptocurrency token, and a status of an other cryptocurrency token; determine whether to validate the smart contract; when determining to validate the smart contract then updating a secure ledger maintained by the secure ledger network with the smart contract; receiving, by the secure ledger network, a request to execute a transaction related to tType: GrantFiled: November 19, 2020Date of Patent: August 31, 2021Assignees: Bprotocol Foundation, Localcoin Ltd.Inventors: Eyal Hertzog, Guy Ben Artzi, Galia Benartzi, Yehuda Levi
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Publication number: 20210073755Abstract: There may be provided a secure ledger network for executing cryptocurrency transactions, the secure ledger network includes at least one hardware processor, a non-transitory machine-readable storage medium having an executable computer readable program code, the at least one hardware processor configured to execute the computer-readable program code to: receive, by the secure ledger network, a request to validate a smart contract that determines at least one rule for performing a transaction related to a first cryptocurrency token, wherein an execution of the transaction comprising determining a price of the first cryptocurrency token based on a status of the first cryptocurrency token, and a status of an other cryptocurrency token; determine whether to validate the smart contract; when determining to validate the smart contract then updating a secure ledger maintained by the secure ledger network with the smart contract; receiving, by the secure ledger network, a request to execute a transaction related to tType: ApplicationFiled: November 19, 2020Publication date: March 11, 2021Applicants: Bprotocol Foundation, Localcoin Ltd.Inventors: Eyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
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Publication number: 20200027067Abstract: There may be provided a secure ledger network for executing cryptocurrency transactions, the secure ledger network includes at least one hardware processor, a non-transitory machine-readable storage medium having an executable computer readable program code, the at least one hardware processor configured to execute the computer-readable program code to: receive, by the secure ledger network, a request to validate a smart contract that determines at least one rule for performing a transaction related to a first cryptocurrency token, wherein an execution of the transaction comprising determining a price of the first cryptocurrency token based on a status of the first cryptocurrency token, and a status of an other cryptocurrency token; determine whether to validate the smart contract; when determining to validate the smart contract then updating a secure ledger maintained by the secure ledger network with the smart contract; receiving, by the secure ledger network, a request to execute a transaction related to tType: ApplicationFiled: January 8, 2018Publication date: January 23, 2020Applicants: Bprotocol Foundation, Localcoin Ltd.Inventors: Eyal HERTZOG, Guy BENARTZI, Galia BENARTZI, Yehuda LEVI