US Patent Issued to Ripple Labs on May 5 for "Optimizing ledger usage and liquidation operations thereon" (California Inventors)

ALEXANDRIA, Va., May 5 -- United States Patent no. 12,619,960, issued on May 5, was assigned to Ripple Labs Inc. (San Francisco).

"Optimizing ledger usage and liquidation operations thereon" was invented by Chuan Sun (San Francisco), Hope Chapman (San Francisco), Piali Das (San Francisco), Jon Wedrogowski (San Francisco), Laurel Ruhlen (San Francisco) and Bradley Chase (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "A network-based computing system can implement a transaction service in which digital wallets of client transaction entities are dynamically monitored to maintain a balance within a liquidity tranche unique to each transaction entity. The computing system can further execute a smart...