ELECTRONIC CURRENCY MANAGEMENT METHOD AND ELECTRONIC CURRENCY SYSTEM

• US 20160358253A1
• Filed: 10/05/2015
• Published: 12/08/2016
• Est. Priority Date: 06/05/2015
• Status: Abandoned Application

• Current Assignee: DIQI Incorporated, Wifire Open Network Group Ltd.
• Original Assignee: DIQI Incorporated, Wifire Open Network Group Ltd.
• Inventors: Chang, Che-Jui, Chou, Chi-Ning, Liao, Shih-Wei
• Application Number:
  US14/874,483
• Publication Number:
  US 20160358253A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An electronic currency management method and an electronic currency system, adapted to a blockchain-based electronic currency network having a plurality of node apparatuses, are provided, where the node apparatuses include a first node apparatus. The electronic currency management method includes the following steps. First, consecutive preceding blocks in the blockchain are obtained by the first node apparatus. Next, the number of times that the first node apparatus in the electronic currency network has been elected as a block verifier of the preceding blocks is determined by the first node apparatus, and a difficulty level of the first node apparatus being elected as a block verifier of a next block is adjusted by the first node apparatus according to the elected times.

Claims

1. An electronic currency management method, adapted to a blockchain-based electronic currency network having a plurality of node apparatuses, wherein the node apparatuses comprise a first node apparatus, and wherein the electronic currency management method comprises the following steps:

obtaining a plurality of consecutive preceding blocks in the blockchain by the first node apparatus;

determining the number of times that the first node apparatus has been elected as a block verifier of the preceding blocks by the first node apparatus; and

adjusting a difficulty level of the first node apparatus being elected as a block verifier of a next block by the first node apparatus according to the elected times.

2. The electronic currency management method according to claim 1, wherein the difficulty level is proportional to an exponent or an exponential order of the elected times, and wherein the exponential order of the elected times is a factorial of the elected times.

3. The electronic currency management method according to claim 1, wherein when the first node apparatus spends less time in calculating a verification value of a first block of the preceding blocks than other node apparatuses of the node apparatuses, the first node apparatus is elected as the block verifier of the first block.

4. The electronic currency management method according to claim 3, wherein the step of calculating the verification value of the first block comprises:

searching for a random number such that a plurality of particular bits of a hash value calculated based on the random number and a content of the first block equals to the verification value.

5. The electronic currency management method according to claim 1, wherein the block verifier of each of the preceding blocks is the only one.

6. An electronic currency management system comprising:

a plurality of node apparatuses, engaging in peer-to-peer communication with each other in an electronic currency network, wherein each of the node apparatuses stores a blockchain, wherein the node apparatuses comprise a first node apparatus, and wherein the first node apparatus obtains a plurality of consecutive preceding blocks in the blockchain, determines the number of times that the first node apparatus has been elected as a block verifier of the preceding blocks, and adjusts a difficulty level of the first node apparatus being elected as a block verifier of a next block according to the elected times.

7. The electronic currency management system according to claim 6, wherein the difficulty level is proportional to an exponent or an exponential order of the elected times, and wherein the exponential order of the elected times is a factorial of the elected times.

8. The electronic currency management system according to claim 6, wherein when the first node apparatus spends less time in calculating a verification value of a first block of the preceding blocks than other node apparatuses of the node apparatuses, the first node apparatus is elected as the block verifier of the first block.

9. The electronic currency management system according to claim 8, wherein each of the node apparatuses searches for a random number such that a plurality of particular bits of a hash value calculated based on the random number and a content of the first block equals to the verification value.

10. The electronic currency management system according to claim 6, wherein the block verifier of each of the preceding blocks is the only one.