PATENT CLAIM ANALYSIS

Application Number: 16052944
Application Type: Utility
Filing Date: 2018-08
Publication Date: 2019-02
Patent Classification: ["705", "076000"]

Abstract:
Novel tools and techniques are provided for implementing blockchain transactions, and, more particularly, to methods, systems, and apparatuses for securing a blockchain with proof-of-transactions. In various embodiments, the blockchain system utilizes a proof-of-transactions approach that is based on a multi-player voting system and that is not susceptible to a free-rider problem that affects many other cryptocurrencies. The proof-of-transactions approach allows the cryptocurrency network to divide revenue between the nodes in the peer-to-peer network that provides bandwidth and connectivity and a set of other nodes that solve computational puzzles that safeguard the security of the blockchain system.

Claim (Index 11):
A node among a plurality of nodes in a blockchain network, the node comprising:\n at least one processor; and a non-transitory computer readable medium communicatively coupled to the at least one processor, the non-transitory computer readable medium having stored thereon computer software comprising a set of instructions that, when executed by the at least one processor, causes the node to:\n quantify, in accordance with a set of consensus rules of a blockchain, a level of difficulty associated with producing a valid candidate block by reducing it to a burn fee, wherein the burn fee is a cost denominated in a value of a token managed by the blockchain network; \n quantify, in accordance with the set of consensus rules of the blockchain, the value of one or more transactions being included in a candidate block by reducing it to a burn value, wherein the burn value is a figure denominated in a value of a token managed by the blockchain network; \n determine, in accordance with the set of consensus rules of the blockchain, whether a sum of individual burn values of the one or more transactions that are included in the candidate block is equal to or greater than the burn fee of the candidate block; and \n based on a determination that the sum of individual burn values of the one or more transactions that are included in the candidate block is equal to or greater than the burn fee of the candidate block, determine that the candidate block is valid according to the set of consensus rules of the blockchain.

Metadata:
- Claim Count in Document: 11.0
- Percentile: 96.0
- Lexical Diversity: 1.66667
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['16052912', '15392389', '15942604', '15640604', '14706247']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1117219124067758
- 35 USC 102 Novelty (BERT): 0.5893133290977087
- Combined Prediction Score: 0.1594810540758691
- Mean Citation Score: 314.3572020000001
- Max Citation Score: 521.357
- Similarity Product: 429.7678396285773

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

Dataset: test