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US Patent 11574291 Methods for exchanging and evaluating virtual currency

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Contents

Is a
Patent
Patent

Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
11574291
Date of Patent
February 7, 2023
Patent Application Number
16476312
Date Filed
January 8, 2018
Patent Citations
‌
US Patent 10565645 Systems and methods for operating a math-based currency exchange
Patent Primary Examiner
‌
Mohammad A. Nilforoush
CPC Code
‌
G06Q 20/389
‌
G06Q 2220/00
‌
G06F 21/64
‌
H04L 9/3239
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H04L 2209/56
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G06Q 20/0658

There may be provided a secure ledger network for executing cryptocurrency transactions, the secure ledger network includes at least one hardware processor, a non-transitory machine-readable storage medium having an executable computer readable program code, the at least one hardware processor configured to execute the computer-readable program code to: receive, by the secure ledger network, a request to validate a smart contract that determines at least one rule for performing a transaction related to a first cryptocurrency token, wherein an execution of the transaction comprising determining a price of the first cryptocurrency token based on a status of the first cryptocurrency token, and a status of an other cryptocurrency token; determine whether to validate the smart contract; when determining to validate the smart contract then updating a secure ledger maintained by the secure ledger network with the smart contract; receiving, by the secure ledger network, a request to execute a transaction related to the first cryptocurrency token; performing the transaction by executing, by the secure ledger network, the smart contract; and updating the secure ledger about a completion of the transaction.

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