US 2020/0051076 A1Published application

Cryptocurrency with value based on electronic resources made available to peer nodes

AssigneePrortus

InventorPawel Cichocki

Life of this patent

Estimating the term…

Loading patent…

Abstract

Methods and systems are presented for a cryptocurrency based on distributed ledger (such as blockchain)technology, where a currency emission mechanism is tied to providing useful electronic resources such as computational power, storage, or connectivity to other nodes of the network, effectively creating a distributed computational cloud or supercomputer. Such resources may be provided in a secure (in case of computation sandboxed) environment in order to provide security for the nodes providing the resource. Stored data chunks may be encrypted in order to prevent the storage nodes from accessing the information. Resources may be provided on a non-exclusive basis, with a certain degree of redundancy to assure the nodes requesting the service about its integrity. The present disclosures allow free trading of electronic resources, and have a cryptocurrency that has its value associated with them, effectively building a supercomputer or a cloud where the nodes are rewarded monetarily for their participation.

Claims20

Dependent claims

A method of a network protocol for generating cryptocurrency in a network of computerized nodes based in distributed ledger technology, the network protocol method comprising:

transmitting, by a commissioning node, a request to perform calculations, the request to perform the calculations comprising an indication to remit an amount of cryptocurrency upon completion of the calculations;
receiving, by a distributing node, the request to perform the calculations;
transmitting, by the distributing node, to a plurality of work nodes, the request to perform the calculations;
for each of the plurality of work nodes:
receiving the request to perform the calculations;
determining whether said work node of the plurality of work nodes is allowed to perform the calculations;
determining whether said work node of the plurality of work nodes has computing resources sufficient to execute the request to perform the calculations;
and
transmitting a readiness reply to the distributing node;
transmitting, by the distributing node, to the commissioning node, each of the readiness replies associated with each of the plurality of work nodes;
transmitting, by the commissioning node, to the distributing node, and in response to the readiness replies, a calculation chunk associated with the request to perform the calculations, the calculation chunk comprising:
instructions on how to perform the calculations, and
data that the calculations are to be performed on;
transmitting, by the distributing node, to each of the plurality of work nodes indicating a readiness to perform the calculations, a copy of the calculation chunk;
for each of the plurality of work nodes receiving a copy of the calculation chunk:
conducting calculations on the data in accordance with the instructions on how to perform the calculations;
generating a calculation result;
and
transmitting, the calculation result to the distributing node;
transmitting, by the distributing node, to the commissioning node, each of the calculation results;
and
accepting the calculation results by the commissioning node;
wherein after accepting the calculation results, each of the plurality of work nodes that transmitted the calculation results receives a fraction of cryptocurrency associated with the amount of cryptocurrency remitted by the commissioning node.

20 more elements

A method of a computerized distributing node adhering to a network protocol for causing cryptocurrency to be generated in a network of computerized nodes based in distributed ledger technology, the method comprising:

receiving, from a commissioning node within the network, a request to perform calculations, the request to perform the calculations comprising an indication to remit an amount of cryptocurrency upon completion of the calculations;
transmitting, to a plurality of work nodes within the network, the request to perform the calculations;
receiving, from each of the plurality of work nodes, a readiness reply indicating whether said work node is allowed to perform the calculations and said work node has computing resources sufficient to execute the request to perform the calculations;
transmitting, to the commissioning node, each of the readiness replies associated with each of the plurality of work nodes;
receiving, from the commissioning node, and in response to the transmitted readiness replies, a calculation chunk associated with the request to perform the calculations, the calculation chunk comprising:
instructions on how to perform the calculations, and
data that the calculations are to be performed on;
transmitting, to each of the plurality of work nodes indicating a readiness to perform the calculations, a copy of the calculation chunk;
receiving, from each of the work nodes indicating the readiness to perform the calculations, a calculation result based on said work node conducting calculations on the data in accordance with the instructions on how to perform the calculations;
transmitting, to the commissioning node, each of the calculation results;
and
receiving an indication that the calculation results have been accepted by the commissioning node;
wherein the distribution node receives a fraction of cryptocurrency associated with the amount of cryptocurrency remitted by the commissioning node after the calculation results have been accepted by the commissioning node.

10 more elements

A method of a computerized commissioning node adhering to a network protocol for causing cryptocurrency to be generated in a network of computerized nodes based in distributed ledger technology, the method comprising:

transmitting, to a distribution node within the network, a request to perform calculations, the request to perform the calculations comprising an indication to remit an amount of cryptocurrency upon completion of the calculations;
receiving, from the distribution node, a plurality of readiness replies each associated with each of a plurality of work nodes, wherein each readiness reply indicates whether said associated work node is allowed to perform the calculations and said associated work node has computing resources sufficient to execute the request to perform the calculations;
transmitting, to the distribution node, and in response to the received readiness replies, a calculation chunk associated with the request to perform the calculations, the calculation chunk comprising:
instructions on how to perform the calculations, and
data that the calculations are to be performed on;
receiving, from the distribution node, a plurality of calculation results from each of the work nodes that indicated a readiness to perform the calculations, wherein each of the calculation results are based on said work node conducting calculations on the data in accordance with the instructions on how to perform the calculations;
determining whether the received calculation results are valid;
transmitting an acceptance that the calculation results are valid;
and
remitting the amount of cryptocurrency in response to the valid calculation results.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 15/892,324Filed 8 Feb 2018
Priority: 8 Feb 2017
Published: 13 Feb 2020
Term ends: Not estimatedThe source records don’t support an estimate.

Classification14 codes

G06Q 20/389
Payment protocols; Details thereof: keeping log of transactions for guaranteeing non-repudiation of a transaction
G06F 21/53
During program execution, e.g. stack integrity ; Preventing unwanted data erasure; Buffer overflow: by executing in a restricted environment, e.g.…
G06Q 20/065
Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme: using e-cash
G06Q 20/0658
Using e-cash: e-cash managed locally