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:
Dec. 03, 2024
Filed:
Jun. 23, 2021
Bank of America Corporation, Charlotte, NC (US);
BANK OF AMERICA CORPORATION, Charlotte, NC (US);
Abstract
Systems, computer program products, and methods are described herein for implementing a transactional timelock mechanism in a distributed ledger. The present invention is configured to receive, from a computing device, a transaction to be registered in a ledger record associated with a distributed ledger at a future time; retrieve a required amount of resources for the one or more validation nodes to register the transaction in the ledger record; submit a validation request for the transaction to a memory pool associated with the one or more validation nodes with a proposed amount of resources less than the required amount of resources; continuously monitor the transaction in the memory pool until the future time; and at the future time, automatically re-submit the validation request for the transaction to the memory pool with the required amount of resources.