U.S. Patent 11070231 was awarded to Palo Alto Research Center Incorporated on July 20, 2021 and is entitled “Reducing storage of blockchain metadata via dictionary-style compression.” The first named inventor is Eric A. Bier of Palo Alto, CA. The abstract contains an overview of the patent disclosure:

A method of reducing the storage requirements of blockchain metadata via dictionary-style compression includes receiving a request to add a transaction block to a blockchain. The method further includes determining an identifier (ID) of a dictionary block most recently stored on the blockchain. The method further includes compressing, by a processing device, one or more transactions of the transaction block based on the dictionary block to generate a compressed transaction block. The method further includes adding the ID of the dictionary block to the compressed transaction block. The method further includes providing the compressed transaction block, including the ID of the dictionary block, for storage on the blockchain. Link to Full Patent

This blockchain patent was originally filed on December 31, 2018  as U.S. Patent Application 16/237586 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11070231. The primary examiner was Wilson Lee.

Palo Alto Research Center Incorporated, who is the original assignee of this patent, has at least 1905 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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