US Patent Issued to nChain Licensing on March 3 for "Propagating locking scripts" (British Inventors)

ALEXANDRIA, Va., March 3 -- United States Patent no. 12,567,063, issued on March 3, was assigned to nChain Licensing AG (Zug, Switzerland).

"Propagating locking scripts" was invented by Michaella Pettit (London) and Steven Patrick Coughlan (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method of enforcing a locking script to be propagated throughout a chain of blockchain transactions. The method comprises generating a primary transaction comprising a primary locking script configured to, when executed by an unlocking script of an auxiliary transaction, verify that the unlocking script comprises a message generated based on the auxiliary transaction, and verify, based on the message, that an output ...