Transactional Timelock Mechanism for Distributed Ledger Resource Management
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Solution Overview
Problem
There is a need for a system to implement a transactional timelock mechanism in distributed ledger technology that allows miners to delay transaction retrieval and confirmation by controlling the resources submitted to the memory pool.
Innovation Solution
A system that electronically receives a transaction for future registration, retrieves information on validation nodes, submits a validation request with a proposed amount of resources less than the required, continuously monitors the transaction until the future time, and automatically resubmits with the required resources, ensuring transaction validation and registration in the distributed ledger.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of time
If a transaction is submitted with a proposed amount of resources less than the required amount, then the transaction can be placed in the memory pool for future validation, but the transaction cannot be immediately validated and registered
Solution Approach 1:
The system performs preliminary actions by submitting the transaction to the memory pool in advance with a placeholder resource amount, allowing the transaction to be queued and monitored before the actual validation time. This enables the system to prepare for future validation without requiring full resources immediately, resolving the contradiction between early transaction placement and resource availability.
2Measurement precision
If the system continuously monitors the transaction in the memory pool until the future time, then the transaction can be validated at the precise future time, but the system requires continuous resource allocation for monitoring
Solution Approach 1:
The system implements a feedback mechanism where the monitoring component continuously checks the memory pool for transactions that have accumulated sufficient resources by the future time. When the resource condition is met, the system automatically retrieves and validates the transaction. This feedback loop ensures precise timing validation while efficiently managing monitoring resources by only acting when conditions are satisfied.
3Extent of automation
If the system automatically re-submits the validation request with the required amount of resources at the future time, then the transaction can be validated and registered, but the system requires automated resource management and re-submission logic
Solution Approach 1:
The system employs self-service automation where the monitoring component automatically detects when transactions meet the future time resource requirements and triggers re-submission without manual intervention. The system manages its own validation queue, monitors resource accumulation, and autonomously retrieves and validates transactions when conditions are met, reducing the need for complex external resource management while maintaining high automation levels.
Data Source
AI summary
Systems, computer program products, and methods are described herein for implementing a transactional timelock mechanism in a distributed ledger. The present invention is configured to receive, from a computing device, a transaction to be registered in a ledger record associated with a distributed ledger at a future time; retrieve a required amount of resources for the one or more validation nodes to register the transaction in the ledger record; submit a validation request for the transaction to a memory pool associated with the one or more validation nodes with a proposed amount of resources less than the required amount of resources; continuously monitor the transaction in the memory pool until the future time; and at the future time, automatically re-submit the validation request for the transaction to the memory pool with the required amount of resources.