Blockchain Transaction Amalgamation for Lower-Carbon Block Storage
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Solution Overview
Problem
Blockchain technology has a significant carbon footprint due to its energy-intensive process of verifying transactions and creating new blocks, leading to increased greenhouse gas emissions.
Innovation Solution
A process and apparatus that amalgamate multiple transactions using active meta data to create a single transaction block, optimizing data storage and reducing the number of blocks needed, thereby decreasing energy consumption and carbon emissions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If multiple transactions are stored across multiple blocks in a blockchain, then transaction verification and block creation can be performed, but the number of blocks increases leading to higher energy consumption and carbon emissions
Solution Approach 1:
The patent combines multiple individual transactions into a single aggregated transaction by merging their data structures. This consolidation reduces the total number of transactions that need to be verified and stored separately, thereby decreasing the number of blocks required and reducing energy consumption associated with block creation and verification processes
2Quantity of substance
If transaction data is stored across multiple blocks, then all transaction data can be preserved, but storage capacity is wasted and the number of blocks increases
Solution Approach 1:
The patent merges multiple transaction data structures into a single consolidated transaction by combining their respective fields (such as merging coinbase transactions, combining input and output data structures). This eliminates redundant storage across multiple blocks and optimizes the utilization of block storage capacity
Solution Approach 2:
The patent creates a universal transaction structure that can accommodate and represent multiple individual transactions within a single data framework. This multi-functional transaction structure enables efficient storage of diverse transaction types while maintaining data integrity and reducing overall storage requirements
3Productivity
If multiple blocks are created to store transactions, then transaction capacity is increased, but carbon footprint increases due to more energy-intensive verification processes
Solution Approach 1:
The patent aggregates multiple transactions into single consolidated transactions, which increases the effective transaction capacity within each block without requiring additional blocks. This reduction in block creation frequency directly decreases the energy-intensive verification processes and associated carbon emissions
Data Source
AI summary
Processes and apparatus are disclosed to amalgamate multiple cryptocurrency transactions inside a single transaction with the help of active meta data which results in an increase of the number of transactions in a single block instead of storing the transactions across multiple blocks in a blockchain. By using individual blocks more efficiently, Tradable Performance Standards (TPS) and carbon efficiencies are increased.


