Coin Management Unit Conditional Transaction Execution
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Solution Overview
Problem
Existing digital currency management systems face challenges in securely and simply executing payment transactions, particularly in decentralized environments where conditional transactions with varying read and write rights are complex to manage.
Innovation Solution
A coin management unit that stores and executes conditional transactions with different read and write rights, allowing transactions to be executed only when specific conditions are met, such as time-based, comparative, or receipt-based conditions, and supports various types of conditional transactions like guaranteed, callable, and periodic transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If conditional transactions with different read and write rights are stored in the coin management unit, then transaction flexibility and security are improved, but device complexity increases
Solution Approach 1:
The coin management unit is segmented into distinct functional modules: an execution unit for managing and executing transactions, a storage unit for storing coin datasets and conditional transactions, and a condition evaluation unit for assessing whether stored conditions are met. This segmentation allows the system to handle complex conditional transactions with different read and write rights while maintaining manageable device complexity through modular architecture.
Solution Approach 2:
The system performs preliminary actions by storing conditional transactions with predefined conditions (such as time conditions, receipt conditions, or external event conditions) before actual execution. The coin management unit evaluates these pre-stored conditions and automatically executes transactions when conditions are satisfied, eliminating the need for complex real-time decision-making logic and reducing operational complexity.
2Reliability
If multiple conditional transactions with different read and write rights are stored, then transaction security is improved, but ease of operation deteriorates
Solution Approach 1:
The coin management unit is designed to autonomously evaluate stored conditions and execute transactions without requiring manual intervention. The system automatically determines whether conditions (such as time conditions, receipt conditions, or external event conditions) are satisfied and executes the appropriate transactions, thereby maintaining high security through multiple conditional checks while preserving ease of operation through automation.
Solution Approach 2:
The system incorporates feedback mechanisms where the coin management unit continuously monitors and evaluates conditions associated with stored transactions. When conditions are satisfied (such as receiving a specific input or an external event occurring), the system receives feedback and automatically executes the corresponding transaction, ensuring security through conditional validation while maintaining operational simplicity through automated response.
3Adaptability or versatility
If conditional transactions are executed based on predefined conditions, then transaction flexibility is improved, but loss of time increases due to condition checking
Solution Approach 1:
Conditions for transactions are evaluated and checked in advance when transactions are stored in the coin management unit. The system pre-processes and validates condition logic, so that when a transaction needs to be executed, the condition checking is already prepared and can be performed efficiently. This preliminary action reduces the time penalty associated with condition checking during actual transaction execution.
Solution Approach 2:
The coin management unit continuously monitors and evaluates stored conditions in the background without interrupting normal operations. By maintaining continuous condition evaluation, the system ensures that when conditions are satisfied, transactions can be executed immediately without delay, thus minimizing time loss while maintaining the flexibility of conditional transaction execution.
Data Source
AI summary
A coin management unit of a user, includes: an execution unit for managing digital coin datasets of a digital central bank currency system. The execution unit is adapted to exchange digital coin datasets with other coin management units in transactions and to send registration demands to a coin register of the central bank; and at least one digital coin dataset. The coin management unit is adapted to store conditional transactions as data elements, wherein a transaction is executed when a condition of the stored conditional transaction is satisfied. The coin management unit is further adapted to store the conditional transactions with different read and/or write. A corresponding is associated with a digital central bank currency system.