Cryptocurrency Transaction Validation System

  • Published: Dec 17, 2015
  • Earliest Priority: Jun 16 2014
  • Family: 1
  • Cited Works: 0
  • Cited by: 11
  • Cites: 5
  • Additional Info: Full text
Abstract

The system includes a memory and a processor. The memory may store a customer profile associated with a customer. The processor may be communicatively coupled to the memory and may receive a request from the customer to perform a cryptocurrency transaction with a third party. The processor may calculate a risk score for the cryptocurrency transaction and determine a number of required validations to confirm the cryptocurrency transaction based at least in part upon the risk score. The processor may further receive a number of validations from a plurality of miners and compare the number of received validations to the number of required validations. The processor is further able to determine whether the number of received validations complies with the number of required validations.


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Document History
  • Publication: Dec 17, 2015
  • Application: Jun 16, 2014
    US US 201414305783 A
  • Priority: Jun 16, 2014
    US US 201414305783 A

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