US Patent Issued to NCHAIN LICENSING on Feb. 24 for "Methods and systems for blockchain-implemented script-based byte interpretation" (British Inventors)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,561,682, issued on Feb. 24, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Methods and systems for blockchain-implemented script-based byte interpretation" was invented by Ying Chan (Cambridge, Great Britain) and Dean Kramer (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "The invention relates to distributed ledger technologies such as consensus-based blockchains, for example, a Bitcoin blockchain. Computer-implemented methods for a trustless, deterministic state machine that is embodied by the locking script of a spending transaction are described. The spending transaction transfers control of at least one digital asset or portion ther...