US Patent Issued to ELECTRONICS AND TELECOMMUNICATIONS RESEARCH INSTITUTE on July 22 for "Method and apparatus for verifying validity of transactions and blocks" (South Korean Inventor)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,368,595, issued on July 22, was assigned to ELECTRONICS AND TELECOMMUNICATIONS RESEARCH INSTITUTE (Daejeon, South Korea).

"Method and apparatus for verifying validity of transactions and blocks" was invented by Hwanjo Heo (Daejeon, South Korea).

According to the abstract* released by the U.S. Patent & Trademark Office: "An apparatus for verifying validity of transactions and/or blocks includes: a processor, a memory, and a communication device, wherein the processor executes a program stored in the memory to perform: verifying validity of a predetermined number of transactions and/or blocks among a plurality of transactions and/or blocks received from at least one peer in a blockchai...