US Patent Issued to RedCritter on March 31 for "System for off-chain management, distribution and auditing of decentralized cryptocurrency" (Texas Inventors)

ALEXANDRIA, Va., March 31 -- United States Patent no. 12,591,866, issued on March 31, was assigned to RedCritter Corp. (Flower Mound, Texas).

"System for off-chain management, distribution and auditing of decentralized cryptocurrency" was invented by Robert M. Beaty (Flower Mound, Texas), Randy M. Whelan (Coppell, Texas), Erika D. Lambert (Flower Mound, Texas), David R. Jenness (Lantana, Texas) and James L. Rockett Jr. (Carrollton, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for off-chain management, distribution and auditing of decentralized cryptocurrency is provided. The system enables an organization to mint off-chain, centrally controlled tokens for internal distribution within the org...