PATENT CLAIM ANALYSIS

Application Number: 15973918
Application Type: Utility
Filing Date: 2018-05
Publication Date: 2019-11
Patent Classification: ["705", "069000"]

Abstract:
The disclosure relates to an improved technology protocol for a distributed cryptocurrency system with built-in measures to mitigate volatility of a subject cryptocurrency. The distributed cryptocurrency system may include a number of computer nodes connected via a network. At least some of the nodes may programmatically implement all or portion of a cryptocurrency protocol that programs the nodes to stabilize the value of a subject cryptocurrency. As such, the protocol includes a distributed, decentralized set of programmatic rules for mitigating price volatility of the cryptocurrency. The protocol may include a state determination mechanism to assess whether interventive actions to stabilize a value of the cryptocurrency is triggered. The protocol may electronically expand or contract the supply of the cryptocurrency through use of three different types of electronic tokens that are functionally distinct from one another and that each play a role in expanding or contracting the supply of the cryptocurrency.

Claim (Index 19):
A system of decentralized control of a quantity of an electronic cryptocurrency in circulation in a cryptocurrency network of one or more physical computer nodes each storing a distributed ledger and each programmed with a cryptocurrency protocol that specifies decisions to be made by the cryptocurrency network, wherein the electronic cryptocurrency is implemented as a first type of electronic token in which ownership is stored on a distributed ledger and a quantity of the first type of electronic token in circulation is controlled via one or more other type of electronic tokens, the system comprising:\n at least a first physical computer node comprising one or more storage devices configured to store the distributed ledger, and one or more physical processors programmed with computer program instructions, including the cryptocurrency protocol, that program the first physical computer node to: identify a triggering event that indicates that the quantity of the first type of electronic token in circulation should be adjusted; generate a decision to either contract or expand the quantity of the first type of electronic token in circulation based on the identified triggering event; responsive to the decision, generate an interventive action that either: (i) issues a unit of a second type of electronic token to a holder of a unit of the first type of electronic token in exchange for the unit of the first type of electronic token in order to contract the quantity of the electronic cryptocurrency in circulation, or (ii) issues one or more units of the first type of electronic token; and generate a transaction that records the interventive action in the distributed ledger.

Metadata:
- Claim Count in Document: 44.0
- Percentile: 93.0
- Lexical Diversity: 1.85882
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['15960040', '15720878', '14706247', '15812886', '15240931']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.0968016621337142
- 35 USC 102 Novelty (BERT): 0.4940107259674117
- Combined Prediction Score: 0.136522568517084
- Mean Citation Score: 204.244732
- Max Citation Score: 235.71095
- Similarity Product: 167.2536835239291

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

Dataset: test