U.S. Patent 11062280 was awarded to Hiro Systems PBC on July 13, 2021 and is entitled “Network consensus-based data processing.” The first named inventor is Muneeb Ali of Brooklyn, NY. The abstract contains an overview of the patent disclosure:

An improved blockchain implementation that uses proof-of-transfer to overcome the technical deficiencies of proof of work and proof-of-stake implementations is described herein. For example, the proof-of-transfer process may include elements of a single-leader election sortition, but modified to cause base chain cryptocurrency committed for the purposes of the sortition to be transferred to a burn address or at least one reward address. Link to Full Patent

This blockchain patent was originally filed on January 05, 2021  as U.S. Patent Application 17/142039 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11062280. The primary examiner was James D Nigh.

Hiro Systems PBC, who is the original assignee of this patent, has at least 4 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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