Method and system for tuning blockchain scalability for fast and low-cost payment and transaction processing
US10102265B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 2, 2018 |
| Grant date | Oct 16, 2018 |
| Priority date | — |
| Expiry date | Apr 2, 2038 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
A method of synchronizing transactions between blockchains comprising receiving first and second pluralities of transactions on a first private blockchain network and recording them to first and second private blocks on the first private blockchain network, respectively, generating a first merged block comprising the first private block and the second private block and recording the first merged block to a single block on a second blockchain network, recording each of the first and second private blocks and the first merged block to a first private smart contract linked to the first private blockchain network, performing a synchronization process between the first private smart contract and a second smart contract linked to the second blockchain network, defining a second smart contract, and performing a checkpointing process between the first private smart contract and the second smart contract. The first private blockchain network has a parameter difference from the second blockchain network.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.