Cryptocurrency Rewards via SNS Propagation for Faster Blockchain Transactions
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Solution Overview
Problem
Public blockchains face issues with high resource consumption, open information sharing, and slow processing times, while private blockchains suffer from reliability due to centralized control systems.
Innovation Solution
A method for automatically providing cryptocurrencies using social networking service (SNS) propagation, where verified SNS friends are registered as blockchain members, and a reward system is implemented based on the number of recommended friends, with transaction confirmations accelerated by storing relevant information in a separate database and utilizing a retransaction processing mechanism.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If public blockchain is used to ensure decentralization and transparency, then reliability is improved, but processing speed deteriorates
Solution Approach 1:
The system segments the blockchain network into public and private components. The public blockchain maintains decentralization and transparency for reliability, while the private blockchain handles time-sensitive transactions for speed. This segmentation allows the system to leverage the strengths of both blockchain types simultaneously.
Solution Approach 2:
The patent introduces an intermediary mechanism that bridges public and private blockchains. This intermediary allows transactions to be initiated on the public blockchain for transparency, then rapidly processed on the private blockchain for speed, effectively mediating between the conflicting requirements of reliability and processing speed.
2Speed
If private blockchain is used to accelerate transaction processing, then processing speed is improved, but reliability deteriorates due to centralized control
Solution Approach 1:
The system merges private and public blockchain technologies into a hybrid architecture. The private blockchain provides fast transaction processing while the public blockchain component ensures reliability through decentralization. By combining these two systems, the patent achieves both speed and reliability simultaneously.
3Reliability
If all transaction information is stored on the blockchain to ensure transparency, then reliability is improved, but processing time deteriorates
Solution Approach 1:
The patent extracts time-sensitive transaction data from the blockchain and stores it in conventional databases. Only essential transaction records remain on the blockchain for transparency, while detailed transaction information is kept in faster-access databases. This extraction reduces blockchain processing time while maintaining necessary transparency.
4Reliability
If verified SNS friends are registered as blockchain members to enhance reliability, then reliability is improved, but device complexity deteriorates
Solution Approach 1:
The system performs preliminary verification of SNS friends before registering them as blockchain members. By pre- validating identities through SNS verification, the system ensures reliability without adding complexity during transaction processing. The verification is done in advance, simplifying the overall system operation.
Data Source
AI summary
A method for automatically providing a cryptocurrency to a recommender using social networking service (SNS) propagation includes an SNS friend recommending step, a new registration step, a reward rate determining step, a rewarding step, a transaction processing step, and a retransaction-based transaction processing step. The reward rate determining step includes the steps of determining a membership grade of a blockchain member recommended by the blockchain membership node according to the number of SNS friend IDs recommended and determining a reward rate for the blockchain member according to the determined membership grade. In the reward rate determining step, the membership grade of the recommended blockchain member rises as the number of the SNS friend IDs recommended by the blockchain membership node increases. When an SNS friend recommended by the blockchain membership node recommends another SNS friend, a weight is assigned to the membership grade of the blockchain member first recommended.