US Patent Issued to Chia Network on Aug. 25 for "Method for pooling in a proof-of-space-based blockchain via singletons" (California Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,239, issued on Aug. 25, was assigned to Chia Network Inc. (San Francisco).

"Method for pooling in a proof-of-space-based blockchain via singletons" was invented by Bram Cohen (San Francisco), Matt Hauff (San Francisco), Mariano Sorgente (San Francisco), Matt Howard (San Francisco) and Adam Kelly (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for pooling and retrieving block rewards in a reward pool including an operator node and a set of member nodes in a distributed network extending a proof-of-space-based blockchain includes: submitting a transaction configured to generate a singleton in a set of singletons, the singleton i...