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

Claim 9:
10. A system for awarding blocks in a blockchain for mining based on commitment, the system comprising:
a blockchain network comprised of a plurality of blocks; and
a processing server configured to:
receive 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;
identify an average period of time of deferment based on the period of time included in each mining bid of the plurality of mining bids;
determine, 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;
select 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
transmit a notification message to a winning blockchain node that submitted the winning bid.