Converting Bridged Tokens to Native Tokens on Blockchain

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Solution Overview

Problem

The use of bridged tokens on blockchain systems leads to fragmentation and increased computational overhead due to the need for multiple transactions to convert between different token types, resulting in delayed and resource-intensive transaction processing.

Innovation Solution

A method is introduced to convert bridged tokens to native tokens on a blockchain by pausing the token bridge, adjusting minting privileges, validating the token quantity, and then converting the bridged tokens to native tokens, thereby reducing the number of transactions required.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If bridged tokens are used on a blockchain, then new types of tokens can be rapidly deployed on blockchains, but token fragmentation increases and multiple transactions are required to convert between different token types

Engineering Contradiction:

Improvetoken deployment capabilityVSAvoidtoken conversion complexity

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The patent merges bridged tokens with native tokens by converting all bridged tokens to their corresponding native token equivalents on the same blockchain. This consolidation eliminates the need for separate bridged token contracts and reduces token fragmentation, while maintaining the ability to deploy new tokens through native minting mechanisms.

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The patent extracts the bridged token representation layer from the blockchain system and replaces it with direct native token usage. By removing the bridged token intermediary, the system reduces conversion complexity and eliminates the need for multiple transactions to convert between bridged and native tokens.

Inventive Principle:

Principle #2Taking out (Extraction)

2Adaptability or versatility

If multiple transactions are executed to convert bridged tokens to native tokens, then token interoperability is maintained, but transaction overhead and computational expenses increase

Engineering Contradiction:

Improvetoken interoperabilityVSAvoidcomputational expense

Core Design Contradiction:

Adaptability or versatilityVSLoss of energy

Solution Approach 1:

The patent performs preliminary conversion of bridged tokens to native tokens during the token deployment phase rather than requiring conversion transactions during later usage. This preliminary action eliminates the need for subsequent conversion transactions, reducing overall computational expense while maintaining token interoperability.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

By merging bridged tokens with native tokens through conversion, the system reduces the number of separate transactions needed. Users can directly use native tokens without requiring conversion transactions, thereby reducing computational expense and energy consumption while maintaining the ability to interact with tokens across different blockchains.

Inventive Principle:

Principle #5Merging (Combining)

3Adaptability or versatility

If multiple transactions are required for token conversion, then token flexibility is maintained, but transaction processing time increases

Engineering Contradiction:

Improvetoken flexibilityVSAvoidtransaction processing speed

Core Design Contradiction:

Adaptability or versatilityVSProductivity

Solution Approach 1:

The patent performs token conversion in advance during the deployment phase, converting bridged tokens to native tokens before they are needed for transactions. This preliminary conversion eliminates conversion delays during transaction processing, significantly improving transaction throughput while maintaining token flexibility through the preserved value and functionality of the tokens.

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

By extracting and removing the bridged token conversion process from transaction execution, the system eliminates the time required for multiple conversion transactions. Users can directly transact with native tokens, dramatically reducing transaction processing time while maintaining the ability to deploy and use tokens flexibly across different contexts.

Inventive Principle:

Principle #2Taking out (Extraction)

Data Source

PatentUS20250037119A1Converting bridged tokens to native tokens on a blockchain

Publication Date: 2025.01.30 CIRCLE INTERNET GRP INC

AI summary

Certain aspects of the present disclosure provide techniques for converting a bridged token on a blockchain to a native token on the blockchain. An example method generally includes pausing a token bridge between a first blockchain and a second blockchain. Minting privileges on the second blockchain are adjusted such that a designated user is granted privileges to control token minting on the second blockchain and no other users are allowed to control token minting on the second blockchain. It is validated that a quantity of a bridged token has remained unchanged since a freeze time at which the token bridge was paused. Based on validating that the quantity of the bridged token has remained unchanged since the freeze time, the bridged token is converted to a native token existing on the second blockchain.