US Patent Issued to BLOCKCHAIN LABS on June 16 for "Multi blockchain network system without native cryptocurrency based on aggregated proof-of-transaction consensus" (South Korean Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,657,583, issued on June 16, was assigned to BLOCKCHAIN LABS INC. (Seoul, South Korea).

"Multi blockchain network system without native cryptocurrency based on aggregated proof-of-transaction consensus" was invented by Yong Tae Kim (Seoul, South Korea) and Byung Wan Lim (Seoul, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed is a multi-blockchain network comprising an infra relay chain, a plurality of validators determining governance of the multi-blockchain network and a plurality of parachains including a first parachain and a second parachain connected to the infra relay chain, wherein the first parachain is configured to generate...