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 1):
A computer-implemented method of decentralized control of a quantity of an electronic cryptocurrency in circulation in a cryptocurrency network of physical computer nodes each storing a copy of a 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 a second type of electronic token that represents a future claim to a value of the first type of electronic token and a third type of electronic token that represents a right of its holder to receive a value of the first type of electronic token, wherein the method is implemented in at least a first physical computer node comprising one or more physical processors and one or more storage devices configured to store a copy of the distributed ledger and computer program instructions that, when executed by the one or more physical processors, cause the one or more physical processors to perform the method, the method comprising:\n identifying a triggering event that indicates that the quantity of the first type of electronic token in circulation should be adjusted, wherein the cryptocurrency protocol specifies that a threshold value and a predefined amount of deviation from the threshold value that is acceptable, and wherein the triggering event comprises a detection that the value of the first type of electronic token has deviated from the threshold value by at least the predefined amount; determining whether 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 determination to either contract or expand the quantity of the first type of electronic token, generating an interventive action that either: (i) issues a unit of the 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, wherein issuing the unit of the second type of electronic token to a holder of the unit of the first type of electronic token in exchange for the unit of the first type of electronic token contracts the quantity of the electronic cryptocurrency in circulation, or (ii) identifies one or more holders of the third type of electronic token and issues, to the one or more holders of the third type of electronic token, one or more units of the first type of electronic token, wherein issuing the one or more units of the first type of electronic token to the one or more holders of the third type of electronic token expands the quantity of the first type of electronic token in circulation; and generating 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): 0.0970419848303458
- 35 USC 102 Novelty (BERT): 0.4910487250363946
- Combined Prediction Score: 0.1364426588509507
- Mean Citation Score: 204.244732
- Max Citation Score: 235.71095
- Similarity Product: 173.8532803612709

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

Dataset: test