US Patent Issued to nChain Licensing on Sept. 8 for "Methods and systems for compressing transaction identifiers" (British Inventors)

ALEXANDRIA, Va., Sept. 8 -- United States Patent no. 12,732,389, issued on Sept. 8, was assigned to nChain Licensing AG (Zug, Switzerland).

"Methods and systems for compressing transaction identifiers" was invented by Ricky Charles Rand (London) and Steven Patrick Coughlan (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems for compressing transaction identifiers by a mining node in a blockchain network. The method may include receiving transaction data regarding a blockchain transaction having a transaction identifier; appending the transaction identifier to a global transaction identifier list at a position associated with an index; generating a fixed-length prefix value from the tra...