Hybrid Cryptotoken System for Fast Transaction Processing
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current Blockchain Cryptotoken systems are inefficient, taking several seconds to several minutes for transaction verification, and are not integrated with decentralized applications, failing to meet industry needs for speed and compatibility with conventional payment methods.
Innovation Solution
A hybrid Cryptocurrency/Cryptotoken system integrating a slow Blockchain Cryptotoken with a fast Directed Acyclic Graph Blockchain Cryptotoken, utilizing unused compute device cycles for data processing, and enabling fast transactions, in-app purchases, and currency conversion through a distributed general-purpose computing system with components like Blockchain Cryptotoken, Data Delivery/Storage, and Processing components.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If a Blockchain Cryptotoken system is used for transaction verification, then security and decentralization are improved, but transaction speed deteriorates (taking several seconds to several minutes)
Solution Approach 1:
The system segments transaction verification into two distinct layers: (1) Blockchain Cryptotoken layer for security-critical operations like final settlement and consensus, and (2) Directed Acyclic Graph layer for high-speed operations like transaction validation and data processing. This segmentation allows each layer to optimize for its specific function, resolving the contradiction between security and speed.
Solution Approach 2:
The patent introduces an intermediary mechanism where the Directed Acyclic Graph acts as a mediator between users and the Blockchain Cryptotoken system. The DAG processes and pre-validates transactions at high speed, then submits only verified transactions to the blockchain for final confirmation, thereby bridging the speed-gap without compromising security.
2Speed
If a Directed Acyclic Graph Blockchain Cryptotoken is used for fast transactions, then transaction speed is improved, but integration with decentralized applications deteriorates
Solution Approach 1:
The patent creates a universal system where the Directed Acyclic Graph serves multiple functions: it acts as both a high-speed transaction ledger and an integration platform for decentralized applications. The hybrid architecture allows dApps to interact with the system at the DAG layer for fast operations while maintaining access to blockchain functionality, thus achieving both speed and versatility.
3Speed
If conventional payment methods are used, then transaction speed is maintained, but decentralization and cryptotoken integration are lost
Solution Approach 1:
The patent merges the advantages of conventional payment systems (speed) with blockchain technology (decentralization and security) by combining Blockchain Cryptotoken and Directed Acyclic Graph into a hybrid system. The result is a unified payment infrastructure that achieves conventional-speed transactions while maintaining cryptographic security and decentralized governance.
Data Source
AI summary
A system and method for distributed general-purpose computing with cryptotoken payment system provides a full system that integrates a slow Blockchain Cryptotoken with a fast Directed Acyclic Graph Blockchain Cryptotoken. The instant invention provides: (1) a hybrid Cryptocurrency/Cryptotoken system that allows for very fast transactions to happen decoupled from the slow transactions of normal Cryptocurrencies (2) a mechanism to verify the processing of data and payments to the End User's wallet for the processing of that data that can in turn be used for In App purchases or in game purchases of items and (3) mechanisms for the transfer of unprocessed and processed data to the client or customer.