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Method and device for paying transaction cost in blockchain network

A blockchain and network technology, applied in payment architecture, data processing applications, instruments, etc., can solve problems such as suppression of enthusiasm, large price fluctuations, and reduced activity of contract execution

Pending Publication Date: 2017-10-10
CHENGDU LEEREY ENTERPRISE MANAGEMENT LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

For example, for a contract on the Ethereum platform, if the target amount involved in the contract content is very small (this will become very common in large-scale applications, such as a large number of micropayment contracts or other contract applications, it is often less than 0.01 blockchain tokens), at this time, if the tokens in the blockchain network are still used as rewards for transaction fees according to the established formula, it will greatly inhibit the enthusiasm for such contract applications.
On the other hand, when token holders of the blockchain network (especially as miners) intend to release contract applications, they often do not underestimate the value of the blockchain network tokens they hold (Otherwise, it will sell a large number of tokens it holds and cause the price to fluctuate sharply), so it is considered that the transaction fee settled by the blockchain network token determined by the existing transaction fee calculation formula of the blockchain network is too high. Abandoning the release of contract applications reduces the activity of contract execution in the blockchain network

Method used

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  • Method and device for paying transaction cost in blockchain network
  • Method and device for paying transaction cost in blockchain network
  • Method and device for paying transaction cost in blockchain network

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Embodiment Construction

[0027] In the following, the present invention will be further described in detail in conjunction with the accompanying drawings and embodiments, so as to make the purpose, technical solutions and advantages of the present invention more clear. It should be understood that the specific embodiments described here are only used to explain the present invention, not to limit the present invention.

[0028] For the convenience of description, the token of the blockchain network set according to its protocol in the blockchain network provided by the embodiment of the present invention is called X currency, just as Bitcoin is used as the token in the network in the Bitcoin network , the blockchain network of the present invention uses X currency as the internal token of the blockchain network, but the transaction fee charged to the user can be X currency, or any other digital token or currency other than X currency. Such as figure 1 As shown, a method for paying transaction fees in...

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Abstract

The invention discloses a method and device for paying the transaction cost in a blockchain network. The method and the system are capable of ensuring the stability of the token price while improving the transaction activity of the blockchain network. The method comprises the steps of transmitting a transaction request to the blockchain network by a transaction initiator; carrying out computation on the basis of transaction content in the transaction request by the blockchain network and determining a first number of first digit tokens as the transaction cost according to a protocol of the blockchain network; obtaining second number of tokens of the blockchain network on the basis of the first number of first digit tokens; and partially or completely distributing the second number of tokens of the blockchain network to blockchain nodes, participating in the transaction, in the blockchain network according to the execution condition of the transaction content.

Description

technical field [0001] The invention relates to the technical field of blockchain and smart contracts, in particular to a method and system for paying transaction fees in a blockchain network. Background technique [0002] Blockchain (Blockchain) is a series of data blocks generated by cryptographic methods. Each data block contains the information of a Bitcoin network transaction, which is used to verify the validity of its information and generate the next block. Smart contracts are computer programs that run on replicable, shared ledgers that process information and receive, store and send value. Ethereum is an open-source platform that enables the creation and distribution of decentralized applications. If Bitcoin is a special-purpose calculator using blockchain technology, then Ethereum is a general-purpose computer using blockchain technology. [0003] Anyone can run corresponding software on specialized hardware to become a miner of virtual digital currencies such a...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q40/04G06Q20/36G06Q20/10
CPCG06Q20/102G06Q20/3678G06Q40/04
Inventor 拉伊莫·马尔科姆·赫尔穆特·李莱德
Owner CHENGDU LEEREY ENTERPRISE MANAGEMENT LTD
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