PATENT CLAIM ANALYSIS

Application Number: 16261478
Application Type: Utility
Filing Date: 2019-01
Publication Date: 2019-08
Patent Classification: ["705", "069000"]

Abstract:
A system and method for bootstrapping a cryptographic ledger based on stake in a fiat currency. Stake can be verified using proof of cash systems involving anti-spoofing, anti-counterfeiting, and remote verification and transaction functionality. Stake can further or otherwise be verified using proof of balance systems involving verification of one or more balances using a service of a financial institution or data provider. These systems, together or separately, can be utilized to implement a cryptographic currency and application platform enabling financial transaction and general computing capabilities, in accordance with various embodiments of the invention.

Claim (Index 9):
The method of  claim 6 , wherein multi-currency staking is supported, the method further comprising:\n designating a second staking period for a second fiat currency, wherein the second staking period represents a second defined window of time; receiving, from a remote computing device, a second set of data indicating that a portion of the second fiat currency was associated with a second user at a second set of times; verifying, based on a second defined validation procedure, authenticity of at least a subset of the second set of data received; determining, based on the authenticated subset of the second set of data, a stake in the second fiat currency attributed to the second user; calculating a size of the stake in the second fiat currency, based on a second plurality of stake values of the second user corresponding to a second set of segments within the second defined window of time; deriving, based on the size of the stake in the second fiat currency, a size of an equivalent stake in the first fiat currency, wherein the size of the equivalent stake is determined by one or more exchange rates between the first fiat currency and the second fiat currency; and altering a second state of the digital ledger based on (i) the size of the stake in the second fiat currency and (ii) the size of the equivalent stake in the first fiat currency.

Metadata:
- Claim Count in Document: 26.0
- Percentile: 99.0
- Lexical Diversity: 1.63492
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15960040', '14611136', '16020534', '15040466', '16147483']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.0970068235514408
- 35 USC 102 Novelty (BERT): 0.5049494976988123
- Combined Prediction Score: 0.137801090966178
- Mean Citation Score: 217.578966
- Max Citation Score: 247.36089
- Similarity Product: 155.77455068549753

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 0
- Combined Label: 1
- Label 101 Adjusted: 0

Dataset: test