Method and system of using miner commitment to reward proofs

Abstract

A method and system for awarding blocks in a blockchain for mining based on commitment to a blockchain network. The method includes receiving, by a receiver of a processing server, a plurality of mining bids, where each mining bid is submitted by a blockchain node in a blockchain network and includes at least a declaration, the declaration being a period of time in which the blockchain node agrees to defer spending an earned mining fee; selecting, by a processor of the processing server, a winning bid of the plurality of mining bids based on at least the declaration included in each of the plurality of mining bids; and transmitting, by a transmitter of the processing server, a notification message to a winning blockchain node that submitted the winning bid.

Dependencies are inferred from the claim text.