US Patent Issued to NCHAIN LICENSING on May 13 for "Fast propagation of recent transactions over a blockchain network" (British, Luxembourger Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,301,660, issued on May 13, was assigned to NCHAIN LICENSING AG (Zug, Switzerland).

"Fast propagation of recent transactions over a blockchain network" was invented by Giuseppe Destefanis (London), Patrick Motylinski (London), Stephane Vincent (Luxembourg) and Craig Steven Wright (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "A specialized network ("merchant") node to facilitate fast distribution of blockchain transactions over a network of interconnected nodes, as subset of which are merchant nodes interconnected by an overlay network. The merchant node includes a memory storing an assigned portion of a distributed mempool structured as a distri...