ALEXANDRIA, Va., July 3 -- United States Patent no. 12,348,655, issued on July 1, was assigned to Krypton Labs Inc. (Los Angeles).
"Decentralized consensus network" was invented by Michael Christoph Nowotny (Los Angeles).
According to the abstract* released by the U.S. Patent & Trademark Office: "The decentralized processing system can identify zero or more cryptographic commitments to update a state of the blockchain recorded on the blockchain. The system can receive an indication to update the state of the blockchain. In response, the system can transmit to a decentralized consensus network (DCN) instructions for the DCN to compute a subsequent state. The system can receive, from the DCN, a first cryptographic hash associated with a dat...