US Patent Issued to ELECTRONICS AND TELECOMMUNICATIONS RESEARCH INSTITUTE on Dec. 23 for "Method and apparatus for distributed consensus in consideration of share proportions of nodes and method of generating blockchain using the same" (South Korean Inventors)

ALEXANDRIA, Va., Dec. 23 -- United States Patent no. 12,506,626, issued on Dec. 23, was assigned to ELECTRONICS AND TELECOMMUNICATIONS RESEARCH INSTITUTE (Daejeon, South Korea).

"Method and apparatus for distributed consensus in consideration of share proportions of nodes and method of generating blockchain using the same" was invented by Jin-Tae Oh (Daejeon, South Korea), Ki-Young Kim (Daejeon, South Korea) and Young-Chang Kim (Daejeon, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "Disclosed herein is a method for distributed consensus. The method includes performing, by each of nodes forming a blockchain, an operation corresponding to a success probability (p) a number of times corresponding t...