Patents Assigned to Localcoin Ltd.
  • Publication number: 20260340625
    Abstract: A computing device for exchanging tokens by a distributed smart contract executing on a blockchain, comprising: at least one hardware processor of a network connected server executing a code of the distributed smart contract executing on the blockchain, the code for: managing a primary reserve of a plurality of tokens of a primary cryptocurrency, obtaining, from a client terminal in communication with the network connected server, a plurality of values of a plurality of adjustable parameters that define a function for computing an exchange rate for converting between the primary cryptocurrency and a secondary cryptocurrency, and in response to a transaction request for converting between the primary tokens and a secondary token of a secondary cryptocurrency, executing the transaction request using a bonding curve defined by the function with the plurality of values of the plurality of adjustable parameters.
    Type: Application
    Filed: October 16, 2023
    Publication date: October 29, 2026
    Applicants: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Mark Bentley RICHARDSON, Stefan LOESCH, Barak MANOS, Asaf SHACHAF
  • Publication number: 20260187626
    Abstract: 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: Application
    Filed: February 25, 2026
    Publication date: July 2, 2026
    Applicants: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
  • Patent number: 12579540
    Abstract: 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: Grant
    Filed: July 22, 2024
    Date of Patent: March 17, 2026
    Assignees: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal Hertzog, Guy Ben Artzi, Galia Benartzi, Yehuda Levi
  • Publication number: 20240378595
    Abstract: 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: Application
    Filed: July 22, 2024
    Publication date: November 14, 2024
    Applicants: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
  • Patent number: 12045807
    Abstract: 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: Grant
    Filed: February 6, 2023
    Date of Patent: July 23, 2024
    Assignees: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal Hertzog, Guy Ben Artzi, Galia Benartzi, Yehuda Levi
  • Publication number: 20230186255
    Abstract: 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: Application
    Filed: February 6, 2023
    Publication date: June 15, 2023
    Applicants: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
  • Patent number: 11574291
    Abstract: 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 t
    Type: Grant
    Filed: January 8, 2018
    Date of Patent: February 7, 2023
    Assignees: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal Hertzog, Guy Benartzi, Galia Benartzi, Yehuda Levi
  • Patent number: 11107049
    Abstract: 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 t
    Type: Grant
    Filed: November 19, 2020
    Date of Patent: August 31, 2021
    Assignees: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal Hertzog, Guy Ben Artzi, Galia Benartzi, Yehuda Levi
  • Publication number: 20210073755
    Abstract: 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 t
    Type: Application
    Filed: November 19, 2020
    Publication date: March 11, 2021
    Applicants: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal HERTZOG, Guy BEN ARTZI, Galia BENARTZI, Yehuda LEVI
  • Publication number: 20200027067
    Abstract: 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 t
    Type: Application
    Filed: January 8, 2018
    Publication date: January 23, 2020
    Applicants: Bprotocol Foundation, Localcoin Ltd.
    Inventors: Eyal HERTZOG, Guy BENARTZI, Galia BENARTZI, Yehuda LEVI