Influential Blockchain Patent – Method and system for hosting a new blockchain using an existing blockchain node – US10693654

U.S. Patent 10693654 was awarded on June 23, 2020 and is entitled “Method and system for hosting a new blockchain using an existing blockchain node.” The first named inventor is Thomas Thompson of Monaco, . The abstract contains an overview of the patent disclosure:

Methods, systems, and techniques for generating a new blockchain involve storing, in an existing blockchain, a genesis block of the new blockchain; and hosting the new blockchain using the genesis block of the new blockchain as a first block of the new blockchain. The storing may be done before the hosting, such as when the existing blockchain generates the genesis block of the new blockchain itself and subsequently causes the new blockchain to be hosted. Alternatively, the hosting may be done before the storing, such as when a node foreign to the existing blockchain generates the genesis block of the new blockchain and hosts the new blockchain, and the genesis block of the new blockchain is subsequently introduced to and stored in the existing blockchain. Link to Full Patent

This blockchain patent was originally filed on September 12, 2019  as U.S. Patent Application 16/568948 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10693654. The primary examiner was Kevin Bechtel.

This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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