US Patent Issued to nChain Licensing on June 9 for "Multi-party blockchain address scheme" (British Inventors)

ALEXANDRIA, Va., June 9 -- United States Patent no. 12,651,259, issued on June 9, was assigned to nChain Licensing AG (Zug, Switzerland).

"Multi-party blockchain address scheme" was invented by Alexandru Paunoiu (London) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of generating a blockchain transaction comprising: generating a transaction comprising a locking script comprising a first shared hash value (HV) generated by applying a hash function (HF) to a second shared HV, wherein the second shared HV is generated by applying a HF to a combination of the respective public keys, and wherein the locking script is configured to require an unlocking script to comprise a...