Method and system of using miner commitment to reward proofs
US11875357B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 9, 2020 |
| Grant date | Jan 16, 2024 |
| Priority date | — |
| Expiry date | Apr 15, 2041 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04L2209/56
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
A method and system for awarding blocks in a blockchain for mining based on commitment to a blockchain network. The method includes receiving, by a receiver of a processing server, a plurality of mining bids, where each mining bid is submitted by a blockchain node in a blockchain network and includes at least a declaration, the declaration being a period of time in which the blockchain node agrees to defer spending an earned mining fee; selecting, by a processor of the processing server, a winning bid of the plurality of mining bids based on at least the declaration included in each of the plurality of mining bids; and transmitting, by a transmitter of the processing server, a notification message to a winning blockchain node that submitted the winning bid.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.