ALEXANDRIA, Va., Feb. 5 -- United States Patent no. 12,217,257, issued on Feb. 4, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).
"Trustless deterministic state machine" was invented by Ying Chan (Cambridge, Great Britain) and Dean Kramer (London).
According to the abstract* released by the U.S. Patent & Trademark Office: "The invention relates to distributed ledge technologies such as consensus-based blockchains. Computer-implemented methods for a trustless, deterministic state machine are described. The invention is implemented using a blockchain network, which may be, for example, a Bitcoin blockchain. A first transaction validate is received at a node in a blockchain network. The first transaction includes a first script that,...