Cryptographic and fiat currency mechanics
AssigneeKRNC Inc.
InventorClinton Edward Ehrlich-Quinn
Life of this patent
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AssigneeKRNC Inc.
InventorClinton Edward Ehrlich-Quinn
Estimating the term…
A system and method for creating a forked version of an original fiat currency in a digital ledger based on stake in the original fiat currency. Stake can be verified using proof of cash systems involving anti-spoofing, anti-counterfeiting, and remote verification and transaction functionality. Stake can further or otherwise be verified using proof of balance systems involving verification of one or more balances using a service of a financial institution or data provider. These systems, together or separately, can be utilized to implement a cryptographic currency and application platform enabling financial transaction and general computing capabilities, in accordance with various embodiments of the invention.
A system for creating a forked version of an original fiat currency in a digital ledger based on stake in the original fiat currency, the system comprising:
A method for creating a forked version of an original fiat currency in a digital ledger based on stake in the original fiat currency, comprising:
A non-transitory computer-readable storage medium comprising a plurality of instructions for creating a forked version of an original fiat currency in a digital ledger based on stake in the original fiat currency, the plurality of instructions configured to execute on at least one computer processor and enable the computer processor to:
Dependencies are inferred from the claim text.