U.S. Patent 10924484 was awarded to Radware Ltd. on February 16, 2021 and is entitled “Method for determining a cost to allow a blockchain-based admission to a protected entity.” The first named inventor is Alon Lelcuk of Ramot Meir, . The abstract contains an overview of the patent disclosure:

A method and system for determining a cost to allow a blockchain-based admission to a protected entity. The method includes identifying, in a blockchain network, a conversion transaction identifying a conversion of a first-type of access tokens with access tokens of a second-type, wherein the transaction designates at least the protected entity; determining a conversion value for converting the first-type of access tokens into the second-type access tokens, wherein the conversion value is determined based on at least one access parameter; and converting, based on the determined conversion value, a first sum of the first-type access tokens into a second sum of the second-type access-tokens, wherein a client spends the second sum of the second-type access tokens to access the protected entity, the determined conversion value is the access cost to the protected entity. Link to Full Patent

This blockchain patent was originally filed on May 31, 2018  as U.S. Patent Application 15/994434 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 10924484. The assistant examiner was Mirza Israr Javed.

Radware Ltd., who is the original assignee of this patent, has at least 86 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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