System and method to validate blockchain transactions in a distributed ledger network
A distributed and blockchain technology, applied in transmission systems, digital transmission systems, payment systems, etc., can solve problems such as inability to verify peer-to-peer transactions, impact on peer-to-peer transaction service quality, and complex and time-consuming issues
Inactive Publication Date: 2019-05-28
WIPRO LTD
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- Description
- Claims
- Application Information
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Problems solved by technology
However, since the Merkle tree is an unordered structure built with various information related to customer information, account information, and currency information, the traversal of the Merkle tree is a complex and time-consuming process
[0005] The existing mechanisms described above do not allow proper verification of peer-to-peer transactions
And its overhead in processing and transmission can impact the quality of service of peer-to-peer transactions, especially under heavy network load conditions and / or congestion
Method used
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[0020] Hereinafter, exemplary embodiments will be described with reference to the drawings. Wherever convenient, the same reference numbers will be used throughout the drawings to refer to the same or like parts. While embodiments and features of the disclosed principles are described herein, modifications, adaptations and other embodiments can be made without departing from the spirit and scope of the disclosed embodiments. The following detailed description is intended to be considered as illustration only, with the true scope and spirit shown by the appended claims.
[0021] Other illustrative embodiments are described below. In one embodiment, figure 1 A distributed ledger network 100 is shown within which various embodiments may be employed. The distributed ledger network 100 may be one of a blockchain network and a hashgraph network. It is easy for those skilled in the art to understand that the present invention is not limited to the above-mentioned network types, b...
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A system and method to validate blockchain transactions in a distributed ledger network are disclosed. The method includes adding, by a computing node in the distributed ledger network, a transactionvalidation information in a header of a block, wherein the transaction validation information is encrypted. The method further includes transmitting, by the computing node, the block comprising the transaction validation information in the header to a validator computing node in the distributed ledger network. The method includes receiving, by a validator computing node, a transaction validation information in a header of a block from a computing node in the distributed ledger network, wherein the transaction validation information is encrypted and is associated with a blockchain transaction.The method further includes decrypting and validating the blockchain transaction, by the validator computing node, based on the transaction validation information in the header of the block in response to the decryption.
Description
technical field [0001] The content of the present invention generally relates to a distributed ledger network, and in particular to a system and method for verifying blockchain transactions in a distributed ledger network. Background technique [0002] The advent of digital technology and the penetration of Internet business has led to the growth of peer-to-peer transactions. Blockchain is one platform that enables such transactions. Blockchain is used for transfers of cryptocurrencies such as Bitcoin to move funds from one user to another. Blockchain is widely used due to its user-friendly features such as transparency, immutability, and low transaction costs. Peer-to-peer transactions can be conducted through public ledgers or permissioned ledgers. [0003] Verifying transactions through permissioned ledgers is a daunting task. The reason for this is the inability to provide proof of work and the difficulty of creating nodes. Existing mechanisms for verifying peer-to-...
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IPC IPC(8): G06Q20/38G06Q40/04
CPCG06Q20/065G06Q20/3823G06Q2220/00G06Q20/223G06Q20/401H04L2209/56H04L9/3239H04L9/50G06Q20/405H04L9/0637H04L9/3236H04L63/0428
Inventor M·卡斯瑟里
Owner WIPRO LTD