US Patent Issued to NCHAIN LICENSING on April 1 for "Probabilistic relay for efficient propagation in a blockchain network" (British, Luxembourger Inventors)

ALEXANDRIA, Va., April 2 -- United States Patent no. 12,265,523, issued on April 1, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Probabilistic relay for efficient propagation in a blockchain network" was invented by Simone Madeo (London), Patrick Motylinski (London), Giuseppe Destefanis (London) and Stephane Vincent (Luxembourg).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method for a node of a blockchain network comprising receiving or generating data for distribution in the blockchain network, said node having a plurality of interfaces, said data corresponding to an object such as a transaction or a block. The transaction can be a Bitcoin transaction for recordal in a b...