U.S. Patent 11188896 was awarded to Bprotocol Foundation on November 30, 2021 and is entitled “Smart contract of a blockchain for management of cryptocurrencies.” The first named inventor is Asaf Shachaf of Herzliya, . The abstract contains an overview of the patent disclosure:

There is provided a processor(s) executing a blockchain smart contract, for: managing a primary reserve of primary tokens and a secondary reserve of secondary tokens, receiving a transaction request, obtaining an external price of the primary token, compute an updated value of the primary reserve according to the external price, in response to the updated total value of primary reserve being unequal to an initial staked value of the primary reserve, adjust primary and secondary dynamic reserve weights, wherein a total value computed by a function of the primary reserve after being increased or decreased by a target amount of primary tokens and using the adjusted primary and secondary dynamic reserve weights, is equal to the initial staked value of the primary reserve, and the total value of the primary reserve is maintained at a predefined ratio to a total value of the secondary reserve, and executing the transaction request. Link to Full Patent

This blockchain patent was originally filed on August 06, 2020  as U.S. Patent Application 16/986559 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11188896. The primary examiner was James D Nigh.

Bprotocol Foundation, who is the original assignee of this patent, has at least 2 total granted patents in the United States as of the date of this article. 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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