Method for simultaneous execution of transactions on a blockchain via a coin set model

Abstract

A method includes: accessing a transaction to execute a target blockchain object, the transaction defining a target object identifier, a target puzzle, and a solution representing a set of arguments associated with the target puzzle; generating a target puzzle hash based on the target puzzle; identifying a first blockchain object—in a set of blockchain objects—defining a first object identifier, and a first puzzle hash representing a first puzzle; generating an output in response to executing the target puzzle based on the solution; and, in response to detecting a match between the target object identifier and the first object identifier, in response to detecting a match between the target puzzle hash and the first puzzle hash, and in response to evaluating the output as true, generating a second blockchain object in the set of blockchain objects, and removing the first blockchain object from the set of blockchain objects.