US Patent Issued to NCHAIN LICENSING on July 7 for "Method and system of mining blockchain transactions provided by a validator node" (British, Luxembourger Inventors)

ALEXANDRIA, Va., July 7 -- United States Patent no. 12,675,779, issued on July 7, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Method and system of mining blockchain transactions provided by a validator node" was invented by Giuseppe Destefanis (London), Simone Madeo (London), Patrick Motylinski (London) and Stephane Vincent (Luxembourg).

According to the abstract* released by the U.S. Patent & Trademark Office: "Validator nodes and methods of operating a validator node to process blockchain transactions. The validator node provides a plurality of mining nodes with access to a set of unconfirmed transactions, typically by providing a hash of those transactions, in exchange for a token from each of the mining nodes. If one of t...