US Patent Issued to nChain Licensing on Aug. 25 for "Methods and systems for distributed blockchain functionalities" (British Inventor)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,719,705, issued on Aug. 25, was assigned to nChain Licensing AG (Zug, Switzerland).

"Methods and systems for distributed blockchain functionalities" was invented by Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosure provides methods and systems for distributed and/or parallel processing of data records, and in particular mining of blockchain transactions in a blockchain block, and further still for generation of a Proof-of-Work (PoW) for a blockchain block. Advantageously, embodiments allow for separation of the PoW calculation from other blockchain mining/validation tasks. Preferably, a PoW requester sends...