18081301. ELECTRONIC DEVICE INCLUDING PARTIAL LEDGER AND METHOD IN BLOCKCHAIN NETWORK simplified abstract (SAMSUNG ELECTRONICS CO., LTD.)
ELECTRONIC DEVICE INCLUDING PARTIAL LEDGER AND METHOD IN BLOCKCHAIN NETWORK
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ELECTRONIC DEVICE INCLUDING PARTIAL LEDGER AND METHOD IN BLOCKCHAIN NETWORK - A simplified explanation of the abstract
This abstract first appeared for US patent application 18081301 titled 'ELECTRONIC DEVICE INCLUDING PARTIAL LEDGER AND METHOD IN BLOCKCHAIN NETWORK
Simplified Explanation
An electronic device is described that includes a memory and a processor. The memory stores a partial ledger for a blockchain network, while the processor is configured to generate an ending block. The ending block is created as a block chained after a transaction block and includes an ending hash value of the transaction block and signature data. The signature data consists of the ending hash value signed with a private key. The ending block is then stored in the memory.
- The electronic device stores a partial ledger for a blockchain network.
- The processor generates an ending block that is chained after a transaction block.
- The ending block includes an ending hash value of the transaction block and signature data.
- The signature data is created by signing the ending hash value with a private key.
- The ending block is stored in the memory.
Potential Applications
- This technology can be applied in various blockchain networks, such as cryptocurrency systems, supply chain management, and smart contracts.
- It can enhance the security and integrity of blockchain transactions by including a signed ending hash value in the ending block.
Problems Solved
- Ensures the integrity of blockchain transactions by including a signed ending hash value, making it difficult for malicious actors to tamper with the ledger.
- Provides a more efficient way to store and verify blockchain transactions by utilizing ending blocks.
Benefits
- Improved security: The inclusion of a signed ending hash value adds an extra layer of security to blockchain transactions.
- Enhanced efficiency: The use of ending blocks allows for more efficient storage and verification of blockchain transactions.
- Increased trust: The integrity of the blockchain ledger is strengthened, leading to increased trust in the system.
Original Abstract Submitted
An electronic device may include a memory storing a partial ledger including a part of a full ledger for a blockchain network, and at least one processor configured to generate an ending block as a block chained after the transaction block. The ending block includes an ending hash value of a transaction block and signature data and the signature data includes the ending hash value signed with a private key. The ending block may be chained after the transaction block. The ending block may be stored in the memory.
