US Patent Issued to Zkrypto on April 14 for "Method of contracting reserves using Pedersen commitment and method of proving reserves using zero-knowledge proof algorithm based on Pedersen commitment" (South Korean Inventor)

ALEXANDRIA, Va., April 15 -- United States Patent no. 12,603,781, issued on April 14, was assigned to Zkrypto Inc. (Seoul, South Korea).

"Method of contracting reserves using Pedersen commitment and method of proving reserves using zero-knowledge proof algorithm based on Pedersen commitment" was invented by Hyunok Oh (Seoul, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present invention relates to a method of contracting reserves using a Pedersen commitment and a method of proving reserves using a Pedersen commitment based zero-knowledge proof algorithm. The method of contracting reserves performed by at least one processor includes loading a reserve database in which a plurality of reserve...