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 7):
The method of  claim 6 , wherein the staking period supports retroactive staking, the method further comprising:\n receiving, after altering the state of the digital ledger and during the staking period, a second set of data from the remote computing device indicating that a portion of the fiat currency was associated with a second user at one or more times; verifying authenticity of at least a subset of the second set of data based on a defined validation procedure; determining, based on the authenticated subset of the second set of data, a second stake in the fiat currency attributed to the second user; calculating a size of the second stake in the fiat currency during the staking period, based on a second plurality of stake values of the second user corresponding to a second set of segments within the defined window of time; and altering a second state of the digital ledger based on the size of the second stake in the fiat currency during the staking period.

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): 0.0971411990329425
- 35 USC 102 Novelty (BERT): 0.5032313414417862
- Combined Prediction Score: 0.1377502132738269
- Mean Citation Score: 217.578966
- Max Citation Score: 247.36089
- Similarity Product: 160.16701136711598

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