Smart contract of a blockchain for management of cryptocurrencies
US11823177B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 25, 2021 |
| Grant date | Nov 21, 2023 |
| Priority date | — |
| Expiry date | May 17, 2042 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2463/102
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
There is provided a processor(s) executing a blockchain smart contract, for: managing a primary reserve of primary tokens and a secondary reserve of secondary tokens, receiving a transaction request, obtaining an external price of the primary token, compute an updated value of the primary reserve according to the external price, in response to the updated total value of primary reserve being unequal to an initial staked value of the primary reserve, adjust primary and secondary dynamic reserve weights, wherein a total value computed by a function of the primary reserve after being increased or decreased by a target amount of primary tokens and using the adjusted primary and secondary dynamic reserve weights, is equal to the initial staked value of the primary reserve, and the total value of the primary reserve is maintained at a predefined ratio to a total value of the secondary reserve, and executing the transaction request.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.