Blockchain Address Lease Pool for Privacy and Resource Efficiency
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Solution Overview
Problem
Generating new blockchain addresses for each transaction to ensure privacy is resource intensive, both in terms of processing power and storage, and incurs additional fees.
Innovation Solution
Implementing a blockchain address lease pool that recycles and reuses existing addresses, allowing users to lease addresses temporarily for transactions without needing to generate new ones.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If new blockchain addresses are generated for every transaction to ensure privacy, then user privacy is improved, but computational resources and processing power are consumed
Solution Approach 1:
The patent implements an address lease pool where blockchain addresses are discarded after use and then recovered for reuse. Instead of generating new addresses for every transaction, the system recycles addresses from the lease pool after their lease period expires, thereby reducing computational resource consumption while maintaining privacy through address rotation
Solution Approach 2:
The system creates multiple copies of blockchain addresses in the lease pool that can be leased to users. These address copies allow users to obtain new addresses without generating them computationally, as the addresses already exist in the pool and can be allocated through leasing mechanisms
2Loss of information
If new blockchain addresses are generated for every transaction, then user privacy is improved, but transaction fees increase
Solution Approach 1:
By recovering and reusing addresses from the lease pool instead of continuously generating new ones, the system eliminates the need to pay transaction fees for address generation operations, thereby reducing the loss of energy in the form of transaction fees while preserving privacy through address rotation
3Loss of information
If previous blockchain addresses are maintained for privacy, then user privacy is improved, but storage requirements increase
Solution Approach 1:
The lease pool serves multiple functions: it stores addresses, manages their lease states, and provides them to users. By making the address storage infrastructure universal and shared across the network rather than requiring each user to maintain their own address history, the system improves privacy through address rotation while reducing individual storage requirements
Solution Approach 2:
The lease pool acts as an intermediary between address generation and user allocation. Instead of users directly maintaining large numbers of addresses for privacy, the lease pool mediates by providing addresses on demand and managing their lifecycle, thereby reducing the storage burden on individual users while maintaining privacy
4Loss of information
If new blockchain addresses are generated for every transaction, then user privacy is improved, but system complexity increases
Solution Approach 1:
The lease pool implements self-service mechanisms where addresses automatically transition through lease states and are returned to the pool after use. This automation reduces the complexity of manual address management while maintaining privacy, as the system handles address allocation and recovery without requiring complex user-side management infrastructure
Data Source
AI summary
Certain aspects of the disclosure provide a method for leasing a blockchain address, including receiving a first lease request for a blockchain address configured to receive a blockchain transaction on behalf of a user. The method further includes determining lease states for a plurality of existing blockchain addresses in a blockchain address lease pool and based on the determined lease states, determining whether to lease an existing blockchain address from the blockchain address lease pool or to generate a new blockchain address for the blockchain address lease pool. The method further includes leasing a first blockchain address from the blockchain address lease pool to the first user.