Inveniam Capital Partners, Inc. (20240296171). TRANSACTIONAL SHARDING OF BLOCKCHAIN TRANSACTIONS simplified abstract
Contents
TRANSACTIONAL SHARDING OF BLOCKCHAIN TRANSACTIONS
Organization Name
Inveniam Capital Partners, Inc.
Inventor(s)
Clay Douglass of Austin TX (US)
TRANSACTIONAL SHARDING OF BLOCKCHAIN TRANSACTIONS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240296171 titled 'TRANSACTIONAL SHARDING OF BLOCKCHAIN TRANSACTIONS
Simplified Explanation: The patent application describes a method where a complex cryptographic coinage transaction is broken down into multiple simple transactions, each involving only one input and one output account. This allows for more efficient processing within a blockchain environment.
- Cryptographic coinage transactions are divided into simpler transactions.
- Each simple transaction involves only one input and one output account.
- This method streamlines processing within a blockchain environment.
Key Features and Innovation:
- Transactional sharding of complex cryptographic coinage transactions.
- Simplification of transactions by breaking them down into smaller parts.
- Efficient processing within a blockchain environment by handling simple transactions independently.
Potential Applications:
- Cryptocurrency transactions.
- Financial transactions requiring secure processing.
- Streamlining blockchain operations.
Problems Solved:
- Complex transactions can be difficult to process efficiently.
- Ensuring secure and accurate handling of multiple account transactions.
- Enhancing the scalability of blockchain networks.
Benefits:
- Improved efficiency in processing transactions.
- Enhanced security in handling cryptographic transactions.
- Scalability and flexibility in blockchain operations.
Commercial Applications:
- Cryptocurrency exchanges.
- Financial institutions.
- Blockchain technology providers.
Prior Art: Research into cryptographic transaction processing methods within blockchain technology.
Frequently Updated Research: Ongoing studies on optimizing transaction processing in blockchain environments.
Questions about Cryptographic Coinage Transactions: 1. How does transactional sharding improve the efficiency of processing complex transactions? 2. What are the potential security implications of breaking down transactions into simpler parts?
Original Abstract Submitted
a complex cryptographic coinage transaction is transactionally sharded into multiple simple cryptographic coinage transactions. the complex cryptographic coinage transaction specifies cryptographic debits and/or deposits to/from multiple input accounts and/or multiple output accounts. the simple cryptographic coinage transactions, however, only specify a single one of the input accounts and/or a single one of the output accounts. a single server within a blockchain environment may thus process one of the simple cryptographic coinage transactions without requiring calls for data from other servers responsible for other accounts.
