Nchain Licensing Ag

Marco Bardoscia

Thomas Trevethan

John Fletcher

There may be provided a computer-implemented method. It may be implemented using a blockchain such as, for example, the Bitcoin blockchain. The computer-implemented method includes: i) joining a congress by transferring, by a node operating in a proof-of-work blockchain network, one or more digital assets to a congress pool having one or more other digital assets associated with other members of a congress; ii) detecting, by the node, a special transaction of digital assets on the proof-of-work blockchain network to an address associated with the congress pool, the special transaction satisfying determined criteria; and iii) minting, by the node, one or more digital assets on a proof-of-stake blockchain network in response to detecting the special transaction.

Secure transfer between blockchains

Rapid distributed consensus on blockchain

There may be provided a computer-implemented method that includes: broadcasting, by a node in a blockchain network, a transaction to transfer one or more digital assets to a public group address associated with a congress public key, the public group being associated with one or more other digital assets associated with other members of a congress; generating a private key share to be used in a threshold signature scheme in which at least a threshold of private key shares must be used to generate a valid signature through combination of partial signatures on behalf of the congress, wherein other holders of the private key shares are the other members of the congress who have joined the congress by transfer of respective digital assets to the public group address; and using the private key share to cooperatively generate a valid signature for a transaction from the public group address.

Secure re-use of private key for dynamic group of nodes

There may be provided a computer-implemented method. The computer-implemented method includes: i) broadcasting, by a node in a blockchain network (such as, for example, the Bitcoin network), a transaction to transfer one or more digital assets to a public group address associated with a congress public key, the public group being associated with one or more other digital assets associated with other members of a congress; ii) generating a private key share to be used in a threshold signature scheme in which at least a threshold of private key shares must be used to generate a valid signature through combination of partial signatures on behalf of the congress, and wherein other holders of the private key shares are the other members of the congress who have joined the congress by transfer of respective digital assets to the public group address; and iii) using the private key share to cooperatively generate a valid signature for a transaction from the public group address.

There may be provided a computer-implemented method. It may be implemented using a blockchain network such as, for example, the Bitcoin network. The computer-implemented method includes i) joining, by a node, a group through transfer of tokens to a public group address to become a group member, the group being associated with a threshold signature scheme for which the node controls a private key share, the transfer of tokens being made on a proof-of-work blockchain network; and ii) cooperating, by the node, with other nodes of the group to achieve a distributed consensus as to the correctness of work product of a proposer in response to a challenge, by a challenger, of that work product, the challenge responsive to a request made by a requester, wherein achieving the distributed consensus includes: a) deploying a ghost chain to achieve the distributed consensus resolving the challenge, the ghost chain being a proof-of-stake blockchain in which miners of the ghost chain are members of the group; and c) terminating the ghost chain upon resolution of the challenge.

Growing community of inventors

London, United Kingdom

Marco Bardoscia