Method and apparatus for achieving a target transaction rate in a blockchain network
US11212075B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 27, 2018 |
| Grant date | Dec 28, 2021 |
| Priority date | — |
| Expiry date | Nov 16, 2039 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
Various embodiments relate to a method and apparatus for achieving a target transaction rate, T, in a Blockchain network, the method including the steps of measuring and comparing a current transaction rate to the target transaction rate, T, and adjusting a difficulty-of-work parameter to achieve the target transaction rate, based upon a characterization of the target transaction rate T that is a function of a block size parameter for each of the plurality of blocks, B, a total number of nodes parameter, K, a hashing power per node parameter, h, a success probability parameter, p, an average block transfer delay parameter, δ0, and a block dissemination delay parameter, *S(K).
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.