Green Mining System for Distributed and Centralized Operations
AssigneeBank of America Corporation
InventorsPriyanka K, Durga Prasad Kutthumolu, Abhishek Arya, Subburathinam Krishnan
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AssigneeBank of America Corporation
InventorsPriyanka K, Durga Prasad Kutthumolu, Abhishek Arya, Subburathinam Krishnan
Estimating the term…
Systems and methods to enable green mining for centralized and/or decentralized financial systems are discussed. In some cases, the green mining methodologies are incorporated in distributed quantum ledger-based decentralized finance ecosystems, in decentralized financial systems and/or centralized financial systems. A proof of influence algorithm enables miners to accumulate and use reputation points to reduce computational power requirements on their systems and/or reduce energy consumptionInfluence points is an indicator of trustworthiness of the miner established based utilizing a predictive algorithm that analyzes the past mining behavior. Higher reputational scores result in lesser computationally intensive activities, which reduce energy consumption. The proof of influence algorithm rewards miners to encourage participation as validators of new blocks and/or other activities on the decentralized or centralized ledger-based systems.
A system comprising:
A computing platform comprising:
A method comprising:
Dependencies are inferred from the claim text.