20240015023. SYSTEMS AND METHODS FOR FACILITATING BLOCKCHAIN OPERATION CHARACTERISTIC SELECTION WHEN CONDUCTING BLOCKCHAIN OPERATIONS simplified abstract (Coinbase, Inc.)

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SYSTEMS AND METHODS FOR FACILITATING BLOCKCHAIN OPERATION CHARACTERISTIC SELECTION WHEN CONDUCTING BLOCKCHAIN OPERATIONS

Organization Name

Coinbase, Inc.

Inventor(s)

Spencer Stock of Oakland CA (US)

Mansi Prakash of Oakland CA (US)

Sid Coelho-prabhu of Oakland CA (US)

Kevin Shay of Oakland CA (US)

SYSTEMS AND METHODS FOR FACILITATING BLOCKCHAIN OPERATION CHARACTERISTIC SELECTION WHEN CONDUCTING BLOCKCHAIN OPERATIONS - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240015023 titled 'SYSTEMS AND METHODS FOR FACILITATING BLOCKCHAIN OPERATION CHARACTERISTIC SELECTION WHEN CONDUCTING BLOCKCHAIN OPERATIONS

Simplified Explanation

Methods and systems are disclosed for a processing architecture that maintains separate logic pathways for different types of operations until a blockchain operation is submitted to the blockchain network. After the submission, the architecture collapses the parallel logic pathways into a single logical pathway for both types of operations.

  • The patent application describes a processing architecture that handles different types of operations separately until they are ready to be submitted to a blockchain network.
  • The architecture maintains parallel logic pathways for a first operation type and a second operation type.
  • Once a blockchain operation is ready to be submitted, the architecture collapses the parallel pathways into a single logical pathway.
  • This allows for efficient processing and submission of blockchain operations.

Potential applications of this technology:

  • This technology can be used in various industries that rely on blockchain networks, such as finance, supply chain management, and healthcare.
  • It can be applied to improve the efficiency and scalability of blockchain-based systems.
  • The processing architecture can be integrated into existing blockchain platforms or used to develop new blockchain solutions.

Problems solved by this technology:

  • The architecture addresses the issue of maintaining separate logic pathways for different types of operations until they are ready to be submitted to a blockchain network.
  • It solves the problem of managing and processing different types of operations in a parallel and efficient manner.
  • The technology helps streamline the submission process of blockchain operations, reducing complexity and improving overall system performance.

Benefits of this technology:

  • The processing architecture allows for the efficient handling of different types of operations, improving overall system performance.
  • It enables scalability by maintaining separate logic pathways for different types of operations.
  • The technology simplifies the submission process of blockchain operations, reducing complexity and potential errors.


Original Abstract Submitted

methods and systems for a processing architecture that maintains a separate logic pathway corresponding to a first operation type and a second operation type, until a blockchain operation is submitted to the blockchain network using either the first operation type or a second operation type. following submission of the blockchain operation to the blockchain network, the architecture collapses the parallel logic pathways to a single logical pathway for both types.

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