Blockchain Chain Account Smart Contract Node Incentives
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing blockchain networks face limitations in processing transactions across multiple parallel chains, as they lack a reliable mechanism for managing and incentivizing nodes, leading to issues with absolute control rights and unreliable revenue guarantees for node participation.
Innovation Solution
The introduction of a chain account and account smart contract within the blockchain network, where the chain account is transparent and managed by a smart contract, allowing for node incentives and operations to be executed based on consensus votes, ensuring credibility and reliability.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If conventional blockchain accounts are used, then user control and simplicity are maintained, but the system cannot adapt to complex multi-chain application scenarios and reliable node incentive mechanisms
Solution Approach 1:
The patent segments the account management system by introducing a specialized 'chain account' distinct from conventional user accounts. This chain account is specifically designed for multi-chain transaction scenarios and node incentive management, allowing complex operations to be isolated and handled by a dedicated account type without complicating the overall system architecture.
Solution Approach 2:
The chain account serves as an intermediary between multiple blockchains and node operators. It mediates complex cross-chain transactions and incentive distributions by providing a standardized interface that simplifies interactions while enabling sophisticated multi-chain operations through the account smart contract mechanism.
2Reliability
If user-controlled accounts are used, then ease of operation is maintained, but reliable revenue guarantees and node participation incentives cannot be ensured
Solution Approach 1:
The chain account implements self-service through its integrated smart contract that automatically executes incentive distributions and revenue guarantees. The account autonomously manages node participation rewards and cross-chain transaction fee distributions without requiring manual user intervention, ensuring reliable and consistent incentive delivery while maintaining operational simplicity.
Solution Approach 2:
The patent changes the control parameters of the account by introducing smart contract-based automated decision-making. Instead of user-driven control, the chain account uses programmable parameters and consensus mechanisms to automatically determine incentive distributions, transforming the account from a manually controlled entity to an autonomous system that guarantees reliable node rewards.
3Extent of automation
If absolute control rights are granted to users, then operational autonomy is maintained, but consensus-based node incentives and transparent management cannot be implemented
Solution Approach 1:
The patent inverts the traditional control model by removing user control authority from the chain account and replacing it with automated consensus-based management through smart contracts. Instead of users controlling the account, the system uses decentralized consensus mechanisms to automatically manage incentives and transactions, achieving higher automation while maintaining system transparency and trust.
Data Source
AI summary
Disclosed are a method and apparatus for processing an account of a blockchain network. The method includes: obtaining an account transaction request associated with a chain account, wherein, the chain account belongs to the blockchain; obtaining an account smart contract from the account transaction request, and writing the account smart contract into a block, wherein, the account smart contract is configured to perform operation on a chain element in the chain account when executed.