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. 07, 2025
Filed:
Sep. 01, 2023
Nchain Licensing Ag, Zug, CH;
John Fletcher, Cambridge, GB;
nChain Licensing AG, Zug, CH;
Abstract
This invention relates to distributed systems, and more particularly to methods and systems for event-locked operations in transactions using a blockchain network. The method includes: detecting, by a first node that is a member of a congress comprising a plurality of nodes, malicious activity by a malicious node that is also a member of the congress; providing, by the first node, a partial signature on a confiscation transaction to transfer portion of digital asset(s) deposited by the malicious node to an unspendable address, wherein the digital asset(s) deposited by the malicious node; determining, by a threshold number of members of the congress, that the digital assets of the malicious node should be confiscated, and then confiscating the at least portion of digital asset(s) of the malicious node by generating a valid signature for the confiscation transaction and suspending the malicious node from further participation in the congress.