Abstract: Novel tools and techniques are provided for implementing blockchain transactions, and, more particularly, to methods, systems, and apparatuses for implementing automatic transaction rebroadcasting for transient blockchains. In various embodiments, a first node among a plurality of nodes in a peer-to-peer blockchain network might identify one or more transactions and/or one or more transaction slips in at least one block preceding an identified block in a blockchain. The first node might determine whether each of the identified one or more transactions and/or one or more transaction slips satisfies one or more criteria for rebroadcasting. Based on a determination that at least one transaction or at least one transaction slip satisfies the one or more criteria for rebroadcasting, the first node might re-include the at least one transaction or the at least one transaction slip in a subsequent candidate block that is produced and offered for validation and inclusion in the blockchain.
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.
Type:
Grant
Filed:
January 16, 2019
Date of Patent:
February 25, 2020
Assignee:
Proclus Technologies Limited
Inventors:
David Begor Lancashire, Richard Michael Parris
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.
Type:
Grant
Filed:
August 2, 2018
Date of Patent:
March 12, 2019
Assignee:
Proclus Technologies Limited
Inventors:
David Begor Lancashire, Richard Michael Parris