DYNAMIC OFF-CHAIN DIGITAL CURRENCY TRANSACTION PROCESSING

DYNAMIC OFF-CHAIN DIGITAL CURRENCY TRANSACTION PROCESSING

A system enables cryptocurrency payment transactions between devices using off-chain asset data that is related to blockchain assets within a blockchain but without committing the payment transaction to the blockchain until a later time. A device selects a settlement model to determine if a payment...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: MILLER, ALEXANDER SCOT, KREDER, III, KARL J, BOYD, IV, JOHN R
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A system enables cryptocurrency payment transactions between devices using off-chain asset data that is related to blockchain assets within a blockchain but without committing the payment transaction to the blockchain until a later time. A device selects a settlement model to determine if a payment transaction is valid. When valid, the device adjusts a value of off-chain asset data stored in its memory. The device may aggregate multiple transactions, which may involve the same or different cryptocurrencies, adjusting the value of the off-chain asset data stored in its memory after each transaction. Subsequently, the device may commit at least a portion of the off-chain asset data to the blockchain.