Unknown Organization (20240223386). BLOCKCHAIN SYSTEM WITH IMPROVED THROUGHPUT BY SPLITTING BLOCKS, AND ITS COMPUTER PROGRAM simplified abstract

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BLOCKCHAIN SYSTEM WITH IMPROVED THROUGHPUT BY SPLITTING BLOCKS, AND ITS COMPUTER PROGRAM

Organization Name

Unknown Organization

Inventor(s)

Naoki Shibata of KYOTO (JP)

BLOCKCHAIN SYSTEM WITH IMPROVED THROUGHPUT BY SPLITTING BLOCKS, AND ITS COMPUTER PROGRAM - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240223386 titled 'BLOCKCHAIN SYSTEM WITH IMPROVED THROUGHPUT BY SPLITTING BLOCKS, AND ITS COMPUTER PROGRAM

Simplified Explanation

A blockchain system is designed to reduce isolated blocks and unfairness among miners caused by block propagation delays. Each block is split into two parts, with transaction data stored in one part. Miners can start mining the next block using information from the first part before receiving the second part.

  • Miners divide each block into two parts, with transaction data stored in one part.
  • Miners can start mining the next block using information from the first part of the current block.
  • Miners maintain multiple blockchains to switch between them if needed due to delays in receiving the second part of a block.

Key Features and Innovation

  • Division of blocks into two parts to reduce delays in block propagation.
  • Ability for miners to start mining the next block before receiving all data from the current block.
  • Maintenance of multiple blockchains to ensure continuous mining operations.

Potential Applications

This technology can be applied in various industries where real-time data processing and secure transactions are essential, such as finance, supply chain management, and healthcare.

Problems Solved

  • Reducing isolated blocks and unfairness among miners.
  • Minimizing delays in block propagation caused by large block sizes.
  • Enhancing the efficiency of blockchain networks.

Benefits

  • Improved fairness and efficiency in blockchain mining.
  • Faster transaction processing and block validation.
  • Enhanced security and reliability of blockchain networks.

Commercial Applications

Title: Enhanced Blockchain Mining System for Real-Time Transactions This technology can be utilized by cryptocurrency exchanges, financial institutions, and logistics companies to streamline transaction processing, improve data security, and enhance overall network performance.

Prior Art

Readers interested in exploring prior art related to this technology can start by researching blockchain scalability solutions, block propagation optimization techniques, and mining pool fairness mechanisms.

Frequently Updated Research

Stay informed about the latest developments in blockchain scalability, transaction processing speed, and network optimization to leverage the full potential of this innovative mining system.

Questions about Blockchain Mining System

How does this technology address delays in block propagation?

This technology allows miners to start mining the next block using partial data from the current block, reducing the impact of delays in receiving complete block information.

What are the potential applications of this blockchain mining system?

This system can be applied in various industries for real-time transaction processing, secure data management, and efficient blockchain network operations.


Original Abstract Submitted

a blockchain system is capable of reducing the generation of isolated blocks and unfairness among miners resulting from block propagation delays caused by an increase in block data size. each block is divided into part a and part b, and transaction information is stored in part b. after the miner receives part a of a certain block and before the reception of part b is completed, the miner determines the transaction data to be included in the next block after the received block from the information stored in part a and starts mining the next block after the received block. in addition, the miner maintains multiple blockchains in case the reception of part b is not completed, and switches the blockchain to be mined according to the conditions.

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