US Patent Issued to nChain Licensing on Sept. 9 for "Short transaction identifier collision detection and reconciliation" (British Inventor)

ALEXANDRIA, Va., Sept. 10 -- United States Patent no. 12,412,171, issued on Sept. 9, was assigned to nChain Licensing AG (Zug, Switzerland).

"Short transaction identifier collision detection and reconciliation" was invented by Steven Patrick Coughlan (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and devices for resolving a collision in short transaction identifiers in a blockchain network. The method may include receiving a set of short transaction identifiers from a sending node. The receiving node locates a corresponding full transaction identifier for each short transaction identifier in a mempool. For at least one short transaction identifier, the receiver identifies a collision. It then...