US Patent Issued to Coinbase on Feb. 4 for "Systems and methods for mitigating network congestion on blockchain networks by supporting blockchain operations through off-chain interactions" (California Inventors)

ALEXANDRIA, Va., Feb. 5 -- United States Patent no. 12,219,076, issued on Feb. 4, was assigned to Coinbase Inc. (Oakland, Calif.).

"Systems and methods for mitigating network congestion on blockchain networks by supporting blockchain operations through off-chain interactions" was invented by Jim Cai (Oakland, Calif.), Lauren Dowling (Oakland, Calif.), Brian Cripe (Oakland, Calif.) and Rick Huynh (Oakland, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods that mitigate network congestion on blockchain networks by supporting blockchain operations through off-chain interactions. For example, as communications to initiate off-chain events and/or blockchain operations are received, the sys...