System and method for implementing consensus in distributed ledger arrangement
US11868368B2 · kind B2 · utility
Inventors
Key dates
| Filing date | Mar 6, 2020 |
| Grant date | Jan 9, 2024 |
| Priority date | — |
| Expiry date | Nov 24, 2040 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L63/108
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
Disclosed is a system having an input arrangement and an output arrangement. The system includes a plurality of data processing nodes to processes input data and generates output data, depending on operation of a distributed ledger arrangement to which an entry is added. A directed acyclic graph (DAG) is utilized to agree upon a set of data transactions required for adding the entry to the distributed ledger arrangement. The system employs decentralized beacon arrangement that randomly elects data processing nodes that operate to form consensus of entry to be added to the distributed ledger arrangement, pseudo-random number generator engine to rank the data processing nodes within the group; and control arrangement that enables the leading node to provide final proposal to be included in the DAG, wherein a remainder of the data processing nodes operate to notarize the final proposal to add the entry to the distributed ledger arrangement.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.