Transaction management in distributed ledger systems

A network node configured to maintain a distributed ledger in coordination with a plurality of network nodes, the network node comprising:

• a processor configured to execute computer readable instructions included on a non-transitory memory;
• and
• a non-transitory memory including computer readable instructions, that when executed by the processor, cause the network node to:
• synchronize a first clock of the network node with respective clocks maintained by one or more of the plurality of network nodes;
• obtain a transaction indicator including respective transaction data for a transaction;
• synthesize, by the network node, a timestamp for the transaction based on the first clock, wherein the timestamp indicates a time that associates the network node to the transaction;
• and
• synthesize a proposed block for the distributed ledger, wherein the proposed block includes the transaction and a plurality of other transactions that are ordered chronologically based on the timestamp associated with the transaction and timestamps associated with the plurality of other transactions;
• transmit the proposed block to the plurality of network nodes;
• receive an indication that a majority of the plurality of network nodes have accepted the proposed block;
• and
• store the proposed block in the distributed ledger in response to receiving the indication.

A distributed ledger system comprising:

• a plurality of network nodes that are configured to maintain a distributed ledger in coordination with each other, wherein a first network node of the plurality of network nodes comprises:
• a processor configured to execute computer readable instructions included on a non-transitory memory;
• and
• a non-transitory memory including computer readable instructions, that when executed by the processor, cause the first network node to:
• synchronize a first clock of the first network node with respective clocks maintained by one or more of the plurality of network nodes;
• obtain a transaction indicator including respective transaction data for a transaction;
• synthesize, by the first network node, a timestamp for the transaction based on the first clock, wherein the timestamp indicates a time that associates the first network node to the transaction;
• and
• synthesize a proposed block for the distributed ledger, wherein the proposed block includes the transaction and a plurality of other transactions that are ordered chronologically based on the timestamp associated with the transaction and timestamps associated with the plurality of other transactions;
• transmit the proposed block to the plurality of network nodes;
• receive an indication that a majority of the plurality of network nodes have accepted the proposed block;
• and
• store the proposed block in the distributed ledger in response to receiving the indication.