US Patent Issued to Solana Labs on Sept. 8 for "Enabling confidential and non-confidential transactions on a digital token architecture" (New York, California Inventors)

ALEXANDRIA, Va., Sept. 8 -- United States Patent no. 12,731,136, issued on Sept. 8, was assigned to Solana Labs Inc. (Boulder, Colo.).

"Enabling confidential and non-confidential transactions on a digital token architecture" was invented by Michael Janacek Vines (La Jolla, Calif.) and Sam Bit Kim (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Introduced here is a new program that was developed to provide privacy for data stored on a blockchain. This new program was designed to be deployed on the blockchain as an extension to the existing program that allows non-confidential transfers of funds. This new can work in conjunction with the existing program to permit users to conduct confidential and non...