Peer-to-peer Financial Transactions Using A Private Distributed Ledger

  • Published: Aug 17, 2017
  • Earliest Priority: Feb 12 2016
  • Family: 4
  • Cited Works: 0
  • Cited by: 6
  • Cites: 0
  • Additional Info: Full text
Abstract

Methods and systems for performing peer-to-peer financial transactions using a private distributed ledger are described. One example method includes allocating an initial currency value to a genesis address, the initial currency value representing a maximum value of currency to be managed in the blockchain network; identifying a new member to add to the blockchain network; generating an address for the new member; and transferring an amount from the genesis address the address for the new member, the transferred amount equaling an amount to be managed by the new member in the blockchain network.


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Document History
  • Publication: Aug 17, 2017
  • Application: Feb 10, 2017
    US US 201715430364 A
  • Priority: Feb 10, 2017
    US US 201715430364 A
  • Priority: Feb 12, 2016
    US US 201662294815 P

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