US Patent Issued to Coinbase on Feb. 4 for "Systems and methods for using secure, encrypted communications across distributed computer networks to efficiently index blockchain states for performing blockchain operations in decentralized applications using cryptography-based digital repositories" (California Inventors)

ALEXANDRIA, Va., Feb. 5 -- United States Patent no. 12,219,068, issued on Feb. 4, was assigned to Coinbase Inc. (San Francisco).

"Systems and methods for using secure, encrypted communications across distributed computer networks to efficiently index blockchain states for performing blockchain operations in decentralized applications using cryptography-based digital repositories" was invented by Ben Schreck (San Francisco), Ankit Chiplunkar (San Francisco), Matt Moore (San Francisco), Olivia Thet (San Francisco), Peter Jihoon Kim (San Francisco) and Trevor Aron (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems are described herein for facilitating blockchain operations in dece...