Temporary Consensus Subnetwork for Payment Processing
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Solution Overview
Problem
Existing distributed payment consensus networks face inefficiencies due to the need for all nodes to reach consensus on transaction validity, leading to bottlenecks in processing speed and increased computational costs.
Innovation Solution
The implementation of a temporary consensus subnetwork for specific transactions, which utilizes a subset of validation nodes acceptable to both the payor and payee, allowing for faster and more efficient transaction processing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If all nodes in the distributed network are required to reach consensus on transaction validity, then transaction security and validity verification are improved, but processing speed and system efficiency deteriorate due to bottlenecks
Solution Approach 1:
The patent divides the distributed network into multiple consensus subnetworks, each handling specific transactions or transaction types. Instead of requiring all nodes to consensus on every transaction, nodes are segmented into groups that can reach consensus independently and in parallel, thereby maintaining security while improving processing speed.
Solution Approach 2:
The patent implements a mechanism where only a subset of nodes (partial action) is required to reach consensus on each transaction rather than all nodes. This partial consensus approach maintains adequate security verification while reducing the coordination overhead and improving transaction processing efficiency.
2Reliability
If all nodes participate in consensus determination for each transaction, then transaction validation reliability is improved, but computational costs and energy consumption increase
Solution Approach 1:
By segmenting the network into consensus subnetworks, the computational workload is divided among smaller groups of nodes. Each subnetwork performs validation only for its assigned transactions, reducing the total computational effort required compared to all nodes validating every transaction.
Solution Approach 2:
The system requires only partial node participation (a quorum within each subnetwork) rather than full network participation for each transaction validation. This reduces the energy and computational resources consumed while maintaining sufficient validation reliability through the distributed consensus mechanism within each subnetwork.
Data Source
AI summary
In a method, computer readable medium, or system for making a payment transaction between a payor having an associated payor computer with a ledger storage for the payor and a payee having an associated payee computer with a ledger storage for the payee in a consensus payment network having a plurality of nodes each comprising a respective computer with ledger storage and relying on consensus determinations, an initiator is provided for making the payment transaction between the payor and the payee, the initiator being either the payor, the payee, or an intermediary having an associated intermediary computer. The respective initiator computer creates a temporary payment transaction consensus subnetwork comprising a set of validation nodes acceptable to both the payor and the payee, the set of validation nodes comprising fewer than all of said plurality of nodes in the payment network. The initiator with the respective client computer processes the payment transaction via the consensus payment network from the payor to the payee based on a determination of consensus by the consensus network.