Method and system for optimizing blockchain parsing using a wallet's static characteristics
US11829995B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Nov 1, 2022 |
| Grant date | Nov 28, 2023 |
| Priority date | — |
| Expiry date | Nov 1, 2042 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for optimized validation of a blockchain transaction through the use of a parallel database and date management includes: receiving a new blockchain transaction that includes unspent transaction outputs; identifying, in a parallel database, a start date for a blockchain wallet involved in the new transaction; identifying a subset of blocks in the blockchain that have been added to the blockchain since the start date; validating the new blockchain transaction by validating the unspent transaction outputs using the subset of blocks; and, if the validation is successful, adding the new transaction to the blockchain, or, if the validation is unsuccessful, notifying the submitter of the failed validation.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.