US Patent Issued to Interledger Foundation on Nov. 18 for "Transfer costs and lock timeouts in a resource transfer system" (New York, California Inventors)

ALEXANDRIA, Va., Nov. 18 -- United States Patent no. 12,475,458, issued on Nov. 18, was assigned to Interledger Foundation Inc. (Tampa, Fla.).

"Transfer costs and lock timeouts in a resource transfer system" was invented by Stefan Thomas (San Francisco) and Evan Schwartz (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and techniques are provided for a resource transfer system. An instruction to transfer a first quantity of a resource from a first resource pool to a second resource pool may be received. A hold may be placed on a second quantity of the resource in the first resource pool. The held second quantity of the first resource may not be transferred from the first resource pool until t...