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AssigneenChain Holdings Limited
InventorsCraig Steven WRIGHT, Jack Owen DAVIES, Alexander Tennyson MACKAY, Chloe Ceren TARTAN, Wei ZHANG
Estimating the term…
The present disclosure provides methods and systems for ensuring the security of a blockchain and associated network, and for enabling the establishment of consensus regarding the state of the blockchain. A method of the disclosure may be implemented by one or more nodes on a blockchain network, using a non-parallelisable algorithm to calculate an output based on a computational difficulty parameter, a hash of at least one blockchain transaction; and/or a hash of at least one blockchain block header. The non-parallelisable, inherently sequential algorithm comprises at least one of the following operations or a combination thereof: a recursive operation, a modular exponentiation and/or a repeated squaring operation.
A computer implemented method comprising the step of:
A blockchain network comprising a plurality of nodes, wherein each node in the blockchain network comprises:
A non-transitory computer-readable storage medium having stored thereon executable instructions that, as a result of being executed by a processor of a computer system, cause the computer system to perform the computer-implemented steps of:
Dependencies are inferred from the claim text.