Unknown Organization (20240242569). DIGITAL CURRENCY IN A GAMING SYSTEM simplified abstract

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DIGITAL CURRENCY IN A GAMING SYSTEM

Organization Name

Unknown Organization

Inventor(s)

Luke Millanta of Forest Lodge (AU)

DIGITAL CURRENCY IN A GAMING SYSTEM - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240242569 titled 'DIGITAL CURRENCY IN A GAMING SYSTEM

Simplified Explanation

The patent application describes a gaming machine that can accept digital currency data from a remote electronic device, transfer this data to a remote data storage arrangement, and record unique attributes of the digital currency data.

Key Features and Innovation

  • Gaming machine that accepts digital currency data from a remote electronic device
  • Transfers digital currency data to a remote data storage arrangement
  • Records unique attributes of the digital currency data

Potential Applications

The technology could be used in various gaming and gambling establishments that want to accept digital currency as a form of payment.

Problems Solved

This technology allows for seamless integration of digital currency into gaming machines, providing a convenient and secure payment option for players.

Benefits

  • Enhanced convenience for players using digital currency
  • Increased security for transactions
  • Streamlined payment process

Commercial Applications

  • Online casinos
  • Arcade gaming centers
  • Slot machine manufacturers

Prior Art

Readers interested in prior art related to this technology could start by researching similar patents in the field of gaming machines and digital currency integration.

Frequently Updated Research

There may be ongoing research in the field of digital currency integration in gaming machines, focusing on improving security and efficiency.

Questions about Gaming Machine Patent

How does this technology improve the gaming experience for players?

The technology allows players to use digital currency seamlessly, providing a convenient and secure payment method.

What are the potential risks associated with using digital currency in gaming machines?

Potential risks could include security vulnerabilities and fluctuations in the value of digital currency.


Original Abstract Submitted

there is disclosed a gaming machine. the gaming machine includes an electronic arrangement configured to receive digital currency data from an electronic device that is remote to the gaming machine. the digital currency data represents a store of value of a digital currency. the gaming machine further includes a data transfer arrangement configured to transfer the digital currency data via a data network to a data storage arrangement that is remote to the gaming machine. the gaming machine further includes a data recording arrangement configured to create record data representing a record of a unique attribute of the digital currency data.