Influential Blockchain Patent – Method and system for tuning blockchain scalability, decentralization, and security for fast and low-cost payment and transaction processing – US10204148

U.S. Patent 10204148 was awarded on February 12, 2019 and is entitled “Method and system for tuning blockchain scalability, decentralization, and security for fast and low-cost payment and transaction processing.” The first named inventor is Vijay Madisetti of Johns Creek, GA. The abstract contains an overview of the patent disclosure:

A method for sharing data between blockchains in a multi-chain network comprising accessing a first block on a first blockchain of a multi-chain network, generating a cryptographic hash from the first block, defining a first anchor hash, recording the first anchor hash to a second block on a second blockchain of a multi-chain network, receiving a plurality of account addresses associated with the first and second blockchains and an account state for each account associated with the plurality of account addresses, a plurality of transactions, and a plurality of transaction receipts, generating a world state trie comprising a mapping between the first plurality of account addresses and the account states, a transactions trie comprising the plurality of transactions, and a transaction receipts trie comprising the plurality of transactions receipts, and root hashes thereof, and recording the root hashes to each block of the first and second blockchains. Link to Full Patent

This blockchain patent was originally filed on September 20, 2018  as U.S. Patent Application 16/136637 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10204148. The primary examiner was Dung K Chau.

This blockchain patent has been cited 2 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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