The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 16, 2024
Filed:
Jul. 09, 2020
Mastercard International Incorporated, Purchase, NY (US);
MASTERCARD INTERNATIONAL INCORPORATED, Purchase, NY (US);
Abstract
A method and system for awarding blocks in a blockchain for mining based on commitment to a blockchain network. The method includes receiving, by a receiver of a processing server, a plurality of mining bids, where each mining bid is submitted by a blockchain node in a blockchain network and includes at least a declaration, the declaration being a period of time in which the blockchain node agrees to defer spending an earned mining fee; selecting, by a processor of the processing server, a winning bid of the plurality of mining bids based on at least the declaration included in each of the plurality of mining bids; and transmitting, by a transmitter of the processing server, a notification message to a winning blockchain node that submitted the winning bid.