18590537. DAG BASED METHODS AND SYSTEMS OF TRANSACTION PROCESSING IN A DISTRIBUTED LEDGER simplified abstract (Oracle International Corporation)
Contents
- 1 DAG BASED METHODS AND SYSTEMS OF TRANSACTION PROCESSING IN A DISTRIBUTED LEDGER
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 DAG BASED METHODS AND SYSTEMS OF TRANSACTION PROCESSING IN A DISTRIBUTED LEDGER - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Commercial Applications
- 1.9 Prior Art
- 1.10 Frequently Updated Research
- 1.11 Questions about DAG Based Transaction Processing Systems
- 1.12 Original Abstract Submitted
DAG BASED METHODS AND SYSTEMS OF TRANSACTION PROCESSING IN A DISTRIBUTED LEDGER
Organization Name
Oracle International Corporation
Inventor(s)
Baohua Yang of Foster City CA (US)
DAG BASED METHODS AND SYSTEMS OF TRANSACTION PROCESSING IN A DISTRIBUTED LEDGER - A simplified explanation of the abstract
This abstract first appeared for US patent application 18590537 titled 'DAG BASED METHODS AND SYSTEMS OF TRANSACTION PROCESSING IN A DISTRIBUTED LEDGER
Simplified Explanation
The patent application describes a system and method for a Directed Acyclic Graph (DAG) based transaction processing system in a distributed ledger. This system aims to improve throughput performance by introducing a weight mechanism to adjust performance based on business requirements.
- DAG based transaction processing system in a distributed ledger
- Improved throughput performance
- Weight mechanism for adjusting performance based on business requirements
Potential Applications
1. Cryptocurrency transactions 2. Supply chain management 3. Smart contracts
Problems Solved
1. Low throughput performance in existing transaction processing systems 2. Inflexibility in adjusting performance based on business requirements
Benefits
1. Increased transaction processing speed 2. Flexibility to adapt to different business needs 3. Enhanced overall performance of distributed ledger systems
Commercial Applications
The DAG based transaction processing system can be utilized in various industries such as finance, logistics, and legal sectors to streamline transaction processing and improve efficiency.
Prior Art
Readers can explore existing research on DAG based transaction processing systems in distributed ledgers to understand the evolution of this technology.
Frequently Updated Research
Stay updated on the latest advancements in DAG based transaction processing systems and distributed ledger technologies to leverage the most current innovations in the field.
Questions about DAG Based Transaction Processing Systems
How does the weight mechanism in the system impact performance?
The weight mechanism allows for adjusting the final performance of the system based on different business requirements, ensuring flexibility and optimization.
What are the key differences between linear structure-based systems and DAG based systems in terms of performance?
Linear structure-based systems may have limitations in achieving high performance compared to DAG based systems due to their inherent design differences.
Original Abstract Submitted
Described herein are systems and methods for a DAG based transaction processing system and method in a distributed ledger. In accordance with an embodiment, a DAG based transaction processing system and method in a distributed ledger can be introduced. The model can help achieve improved throughput performance. With additional weight mechanism, the final performance can be adjusted based on various business requirements. This is different from existing work that uses linear structure and can achieve better performance.
