US Patent Issued to University of South Florida on Feb. 18 for "Algebraic proof-of-work algorithm for blockchains" (Florida Inventors)

ALEXANDRIA, Va., Feb. 19 -- United States Patent no. 12,231,568, issued on Feb. 18, was assigned to University of South Florida (Tampa, Fla.).

"Algebraic proof-of-work algorithm for blockchains" was invented by Muslum Ozgur Ozmen (Tampa, Fla.), Rouzbeh Behnia (Tampa, Fla.) and Attila Altay Yavuz (Tampa, Fla.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An algebraic proof-of-work algorithm is provided that can be used as part of the consensus algorithm used by cryptocurrencies such as Bitcoin. Instead of solving blocks using a hash puzzle, the present algorithm uses an algebraic puzzle such as a lattice-based puzzle based on the shortest vector problem and/or the knapsack problem. A cryptocurrency using the...