NChain Licensing AG (20240211466). PROBABILISTIC RELAY FOR EFFICIENT PROPAGATION IN A BLOCKCHAIN NETWORK simplified abstract
Contents
PROBABILISTIC RELAY FOR EFFICIENT PROPAGATION IN A BLOCKCHAIN NETWORK
Organization Name
Inventor(s)
Patrick Motylinski of London (GB)
Giuseppe Destefanis of London (GB)
Stephane Vincent of Luxembourg (LU)
PROBABILISTIC RELAY FOR EFFICIENT PROPAGATION IN A BLOCKCHAIN NETWORK - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240211466 titled 'PROBABILISTIC RELAY FOR EFFICIENT PROPAGATION IN A BLOCKCHAIN NETWORK
The abstract describes a computer-implemented method for a node of a blockchain network to receive or generate data for distribution, such as transactions or blocks, based on correlation coefficients between interfaces.
- The method involves determining correlation coefficients between data processed at each interface of the node.
- A correlation index is calculated for each interface based on the correlation matrix.
- A threshold or indicator is derived from the correlation matrix to determine if data should be relayed between nodes via interfaces.
- Data is relayed based on the correlation coefficients of the receiving interface.
- Data is only relayed if the correlation between the receiving interface and other interfaces is below the indicator threshold.
Potential Applications: - Enhancing the efficiency of data distribution in blockchain networks. - Improving the reliability and security of transactions in blockchain systems.
Problems Solved: - Optimizing data relay processes in blockchain networks. - Minimizing the risk of data corruption or loss during distribution.
Benefits: - Increased accuracy and speed in data relay. - Enhanced overall performance and stability of blockchain networks.
Commercial Applications: Title: "Blockchain Data Distribution Optimization Technology" This technology could be utilized by blockchain companies to streamline data distribution processes, leading to improved network performance and reliability. It could also be integrated into blockchain platforms to enhance transaction security and efficiency, attracting more users and investors.
Questions about Blockchain Data Distribution Optimization Technology: 1. How does this method improve the efficiency of data distribution in blockchain networks? - This method optimizes data relay processes by considering correlation coefficients between interfaces, ensuring more reliable and secure transactions.
2. What potential impact could this technology have on the blockchain industry? - This technology has the potential to revolutionize data distribution in blockchain networks, leading to increased efficiency and security in transactions.
Original Abstract Submitted
a computer-implemented method for a node of a blockchain network comprising receiving or generating data for distribution in the blockchain network, said node having a plurality of interfaces, said data corresponding to an object such as a transaction or a block. the transaction can be a bitcoin transaction for recordal in a blockchain. the method determines a correlation matrix having correlation coefficients representing the correlation between data processed at each interface of said node. from the correlation matrix a correlation index for each interface is determined. a threshold or indicator is calculated and data or objects such as bitcoin transactions are relayed from nodes via interfaces according to a set of correlation coefficients of interface receiving the data. an indicator or threshold can derived from the correlation matrix and data is relayed if the correlation between the receiving interface and the other interface is lower than the indicator.
