Patent ID: 11875357
Assignee: MASTERCARD INTERNATIONAL INCORPORATED
Field: Digital communication (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 0:
1. A method for awarding blocks in a blockchain for mining based on commitment to a blockchain network, comprising:
receiving, by a receiver of a processing server, a plurality of mining bids, where each mining bid is submitted by a blockchain node in the blockchain network and includes at least a declaration, the declaration being a period of time in which a miner agrees to defer spending an earned mining fee;
identifying, by the processor of the processing server, an average period of time of deferment based on the period of time included in each mining bid of the plurality of mining bids;
determining, by processor of the processing server, using weighting rules stored in memory, a weight associated with each mining bid (1) based on a history of each blockchain node selection as a winning bid and (2) by comparing the period of time of deferment included in the declaration of each mining bid against the identified average period of time of deferment;
selecting, by a processor of the processing server, a winning bid of the plurality of mining bids based on at least the declaration included in each of the plurality of mining bids; and
transmitting, by a transmitter of the processing server, a notification message to a winning blockchain node that submitted the winning bid.