Virtual Currency System

  • Published: Sep 24, 2015
  • Earliest Priority: Mar 18 2014
  • Family: 1
  • Cited Works: 0
  • Cited by: 10
  • Cites: 9
  • Additional Info: Full text

Methods performed by a validation one or a sender one of a plurality of nodes implemented by computing devices in a network. The sender node sends, to the validation node, a request to transfer an amount of virtual currency from a sender account (associated with transaction receipts) to a recipient account. The request includes first copies of the receipts or references thereto. The validation node requests second copies of the receipts from at least two of the nodes, and receives the second copies from fewer than all of the nodes. The validation node determines whether the first copies have been tampered with by comparing the first and second copies to one another. When tampering has not occurred, at least one new receipt is generated indicating the amount has been transferred. Then, the at least one new receipt is forwarded to fewer than all of the nodes for storage.

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Document History
  • Publication: Sep 24, 2015
  • Application: Mar 18, 2014
    US US 201414218776 A
  • Priority: Mar 18, 2014
    US US 201414218776 A

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