PROOF-OF-APPROVAL DISTRIBUTED LEDGER

A method and system for determining whether a consensus has been achieved for adding a block to a distributed ledger. The system receives a candidate block to add to the distributed ledger and receives block approvals of approving participants for the candidate block. The system calculates a total b...

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Bibliographische Detailangaben
1. Verfasser:	Agarwal, Vinay Kumar
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING ELECTRIC COMMUNICATION TECHNIQUE ELECTRIC DIGITAL DATA PROCESSING ELECTRICITY PHYSICS TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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Beschreibung
Zusammenfassung:	A method and system for determining whether a consensus has been achieved for adding a block to a distributed ledger. The system receives a candidate block to add to the distributed ledger and receives block approvals of approving participants for the candidate block. The system calculates a total block approval stake that the approving participants have in the distributed ledger. The system identifies a total stake that participants have in the distributed ledger. When the total block approval stake is at least a threshold fraction of the total skate, the system indicates that the consensus has been achieved for adding the candidate block to the distributed ledger.