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Decentralized, Secure, Power-Saving Cryptocurrency Based on Cyber Banknotes

A banknote and currency technology, applied in the blockchain field, can solve problems such as cheating, and achieve fast payment and easy implementation

Inactive Publication Date: 2018-12-28
刘卓
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

Users who perform this action are rewarded with a certain amount (this is the only way Bitcoin is created), and have the opportunity to cheat

Method used

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  • Decentralized, Secure, Power-Saving Cryptocurrency Based on Cyber Banknotes
  • Decentralized, Secure, Power-Saving Cryptocurrency Based on Cyber Banknotes

Examples

Experimental program
Comparison scheme
Effect test

Embodiment 1

[0025] As shown in Figure 1 to Figure 2, the simplest payment process of cyber banknotes is described. The last block of the block chain of cyber banknotes in Figure 1 indicates that this cyber banknote belongs to user A, so A has the right to add a block Block, sign the block with your own private key, transfer this cybernote to user B, and broadcast the update of the blockchain of this cybernote to the whole network. B receives the broadcast, first verifies its face value and other inherent information with the digital identity of the cyberbanknote, and then verifies all the blocks in the blockchain of the cyberbanknote, and broadcasts an alarm to the entire network if there is any abnormality.

Embodiment 2

[0027] Similar to cash banknotes, if A has to pay B 7 yuan in virtual currency, but does not have a 7-yuan cybernote, he can pay B a 5-yuan cybernote and a 2-yuan cybernote, or pay B Pay a $10 cyber bill and ask B to get back $3.

Embodiment 3

[0029] A wants to give his lover a cybernote with a face value of 521 yuan, he freezes three cybernotes with a face value of 200 yuan, and uses this as the basis for creating a cybernote with a face value of 521 yuan. Based on the above creation basis, he can also create cyber banknotes with a total face value of 79 yuan, which can be created one or divided into multiples, and can be created once or divided into multiple times.

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PUM

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Abstract

The invention relates to a decentralized, secure and power-saving cryptocurrency based on cyberbanknotes, which relates to the technical field of block chains, in particular to a cryptocurrency. Cyberbanknote is a kind of virtual banknote with fixed denomination, which is the carrier of cryptocurrency and constitutes the smallest unit of cryptocurrency payment. Each Cyberbanknote has a unique digital ID and a block chain to record its own payment history. When the current owner wants to pay someone else, he adds a block at the end of the block chain to record the payment, and the payment target becomes the new owner of the cyberbanknote. Only the current owner has the right to add paid chunks at the end of the chunk chain. The cryptocurrency based on cyberbanknotes no longer uses centralized block chain books, but records the payment history of each cyberbanknote dispersedly by block chains of all cyberbanknotes, thus simultaneously realizing the three goals of decentralization, security and power saving of the cryptocurrency.

Description

technical field [0001] The invention relates to the technical field of block chains, in particular to an encrypted currency. Background technique [0002] Blockchain is a technology to prevent tampering with data, and its implementation relies on hash operation or some kind of operation with similar functions (for the sake of brevity, it is called hash operation in this paragraph). Usually only blocks are allowed to be added to the end of the blockchain, and the hash value of the previous block is added to the new data block, and the hash value of the block is obtained after the hash operation together, and the new block is added up. When adding the next block, the hash value of this block must also be added to the data. The hash value can verify the input data of the hash operation, and the input data contains the hash value of the previous block, so the input data of the hash operation of the previous block can be verified, and then the hash of the previous block can be ...

Claims

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Application Information

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IPC IPC(8): G06Q20/06G06Q40/04
CPCG06F21/6227G06F16/2358G06F16/27G06F3/0625G06F3/0614G06F3/0629G06F3/067H04L9/3239H04L2209/56H04L9/3297G06Q20/0655G06Q20/389G06Q20/4014G06Q20/405G06Q20/407G06Q20/4016H04L9/50G06Q20/065G06Q20/3821G06Q2220/00H04L9/32
Inventor 刘卓
Owner 刘卓