METHODS AND DEVICES FOR SAFE SYMBIOTIC MINING
Patent Information
- Application Number
- DE602020049187
- Authority / Receiving Office
- DE · DE
- Patent Type
- Patents
- Current Assignee / Owner
- Priority Date
- 2019-10-09
- Filing Date
- 2020-10-08
- Publication Date
- 2025-04-09
- Estimated Expiration
- 2040-10-08
AI Technical Summary
Blockchain networks face challenges in scaling and maintaining security while managing significant computing, storage, and bandwidth demands, particularly due to the need for high hashpower and the limitations imposed by low bandwidth connections.
The solution involves separating mining functions from storage and validation functions within a blockchain network, utilizing non-mining nodes for storage and validation, and employing a method where mining nodes receive a partial candidate block header along with a miner transaction and Merkle path, allowing them to validate and mine without needing the full block details.
This approach minimizes bandwidth usage, allows for efficient division of mining and storage/validation functions, and enables the decentralized operation of nodes without the need for trusted intermediaries, thereby enhancing the scalability and security of the blockchain network.