U.S. Patent 11212075 was awarded to Nokia Technologies Oy on December 28, 2021 and is entitled “Method and apparatus for achieving a target transaction rate in a blockchain network.” The first named inventor is Anwar I. Walid of Watchung, NJ. The abstract contains an overview of the patent disclosure:

Various embodiments relate to a method and apparatus for achieving a target transaction rate, T, in a Blockchain network, the method including the steps of measuring and comparing a current transaction rate to the target transaction rate, T, and adjusting a difficulty-of-work parameter to achieve the target transaction rate, based upon a characterization of the target transaction rate T that is a function of a block size parameter for each of the plurality of blocks, B, a total number of nodes parameter, K, a hashing power per node parameter, h, a success probability parameter, p, an average block transfer delay parameter, δ0, and a block dissemination delay parameter, *S(K). Link to Full Patent

This blockchain patent was originally filed on March 27, 2018  as U.S. Patent Application 15/937505 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11212075. The primary examiner was Jay Huang.

Nokia Technologies Oy, who is the original assignee of this patent, has at least 11863 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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