US Patent Issued to NCHAIN LICENSING on Dec. 9 for "Constraints on outputs of an unlocking transaction in a blockchain" (British Inventors)

ALEXANDRIA, Va., Dec. 9 -- United States Patent no. 12,493,877, issued on Dec. 9, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Constraints on outputs of an unlocking transaction in a blockchain" was invented by Ying Chan (Cambridge, Great Britain) and Dean Kramer (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Trustless deterministic state machines can be implemented using a blockchain infrastructure and state machines can run concurrently over more than one blockchain transaction. Disclosed herein are processes, apparatuses, and articles of manufacture to create, at a node, a first transaction that includes 1) a first output having a first spendable value and a first locking script and 2)...