Granted Patent B2

US 12,254,452 · App. 17/405,778 · Granted Mar 18, 2025

Inventors: Craig Steven Wright (London, GB); Stephane Savanah (London, GB)

Assignee: NCHAIN LICENSING AG

G06Q20/0658G06Q20/3829H04L9/0637H04L9/0643H04L9/0841H04L9/14H04L9/3066H04L9/3073G06Q2220/00H04L9/50H04L2209/56

Abstract

Claims (22)

1. A computer-implemented method of verifying a transfer of a quantity of cryptocurrency, wherein a token is associated with the quantity of cryptocurrency, wherein the token is transferred from a first node to a second node the method implemented by a processing resource, the method comprising:

receiving a request to confirm the transfer;

determining a data output corresponding to the transfer of the quantity of cryptocurrency using a peer-to-peer distributed ledger;

receiving, over a communications network, at least part of the first data output from the peer-to-peer distributed ledger;

determining, from the data output, an indication of the transfer;

verifying that the indication of the transfer corresponds to the transfer in the request; and

sending an output indicative of a result of verifying, wherein determining from the data output, an indication of the transfer comprises:

determining from the peer-to-peer distributed ledger an indication of the transfer from the first node to the second node; and

a first output script associated with the quantity of cryptocurrency.

2. The method of claim 1 , wherein the token comprises information associated with employment rights and benefits of the first node or second node.

3. The method according to claim 1 , wherein the output script comprises metadata that includes information associated with the transfer; and a public key associated with a second node which received the transfer from the first node.

4. The method according to claim 1 , wherein verifying that the indication of the transfer corresponds to the transfer in the request comprises confirming that a plurality of public keys in a transaction record correspond to public keys of the respective first and second nodes.

5. A non-transitory computer readable storage medium comprising computer-executable instructions that when executed by a processing device, cause the processing device to:

receive a request to confirm the transfer;

determine a data output corresponding to the transfer of the quantity of cryptocurrency using a peer-to-peer distributed ledger;

receive, over a communications network, at least part of the first data output from the peer-to-peer distributed ledger;

determine, from the data output, an indication of the transfer;

verify that the indication of the transfer corresponds to the transfer in the request; and

send an output indicative of a result of verifying, wherein determining from the data output, an indication of the transfer comprises:

determining from the peer-to-peer distributed ledger an indication of the transfer from the first node to the second node; and

a output script associated with the quantity of cryptocurrency.

6. A device comprising a processor and a memory coupled to the processor, the memory storing thereon computer-executable instructions that when executed cause the processor to perform the method of claim 1 .

Assignments (4)

Priority Claims (4)

Continuity (2)

References Cited (400)

Cited By (2)

US 12,580,774 US 12,609,838