Low Bandwidth Crypto Currency Transaction Execution And Synchronization Method And System

  • Published: Mar 30, 2017
  • Earliest Priority: Sep 07 2015
  • Family: 1
  • Cited Works: 0
  • Cited by: 7
  • Cites: 0
  • Additional Info: Full text
Abstract

A method for synchronizing a crypto-currency balance ledger stored on a device with data from the associated public crypto-currency block chain. The method comprises receiving from the public block chain data related to incoming transactions as limited to unspent transaction outputs (UTXOs), receiving from the public block chain data related to outgoing transactions that are conducted within a predetermined time frame as determined by a user, and determining whether the data received matches a current balance ledger as stored on the device; and if a match is not indicated updating the current balance ledger to generate an updated balance ledger.


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Document History
  • Publication: Mar 30, 2017
  • Application: Sep 7, 2016
    US US 201615259023 A
  • Priority: Sep 7, 2016
    US US 201615259023 A
  • Priority: Sep 7, 2015
    US US 201562215066 P

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