US Patent Issued to NCHAIN LICENSING on Dec. 30 for "Computer-implemented methods and systems for validating tokens for blockchain-based cryptocurrencies" (British Inventors)

ALEXANDRIA, Va., Dec. 31 -- United States Patent no. 12,511,644, issued on Dec. 30, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Computer-implemented methods and systems for validating tokens for blockchain-based cryptocurrencies" was invented by Craig Steven Wright (London) and Stephane Savanah (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A first token associated with a first set of metadata and a first quantity of an asset is minted. A condition for triggering a process to duplicate the first token is determined to have been fulfilled. A second token that duplicates the first token is minted by at least causing a token minting transaction to be recorded to a peer-to-peer distributed l...