Looking for breakthrough ideas for innovation challenges? Try Patsnap Eureka!

Method of carrying out digital currency trading through block chain technology

A digital currency and blockchain technology, applied in the blockchain field, can solve the problems of forming applicable process methods, and achieve the effect of no hidden costs and low transaction costs

Inactive Publication Date: 2016-08-10
深圳市新世纪启航科技开发有限公司
View PDF0 Cites 96 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0007] The "impossible triangle" of traditional currency in banking and the "impossible triangle" of digital currency in economics both require a technology to realize. Blockchain technology is independent from the concept of Bitcoin and has not yet been launched in the market. Applicable process method

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Method of carrying out digital currency trading through block chain technology

Examples

Experimental program
Comparison scheme
Effect test

Embodiment

[0017] refer to figure 1 As shown, a method for conducting digital currency transactions through blockchain technology, the method is as follows: individual and business users conduct digital currency transactions through decentralized blockchain technology, and generate electronic account book information and various transaction vouchers after the transaction, All data records are stored on the nodes of the blockchain, and companies, legal agencies or public security organs retrieve information from any node to track and investigate the flow of funds, and store the information permanently;

[0018] The digital currency is an electronic bill or a financial bond;

[0019] The blockchain technology forms credit through the steps of programmatically recording, storing, transmitting, verifying and analyzing information data, thereby saving a lot of labor costs and intermediary costs, and the recorded credit information is more complete and difficult to tamper with; through Blockc...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

PUM

No PUM Login to View More

Abstract

The invention discloses a method for conducting digital currency transactions through block chain technology. The method is as follows: individual and enterprise users conduct digital currency transactions through decentralized block chain technology, and generate electronic account book information and various transaction vouchers after the transaction , all data records are stored on the nodes of the blockchain, and companies, legal agencies or public security organs retrieve information from any node to track and investigate the flow of funds, and store the information permanently.

Description

technical field [0001] The invention relates to the technical field of block chains, in particular to a method for digital currency transactions through the block chain technology. Background technique [0002] As a dark horse in 2013, Bitcoin once caused a sensation in the market. However, with the "overnight popularity", there are also various negative news, and its price fluctuates like a roller coaster. Although there are still many fanatical supporters, Bitcoin has been criticized for a long time due to its huge price fluctuations and its ease of being used in illegal ways. This situation improved in September 2015, and its price continued to rise for a period of time. Although it was not as good as it was in its heyday, this change also attracted a lot of attention. Many people attribute it to the technology behind it - blockchain technology. [0003] The principle of blockchain technology comes from a mathematical problem called "Byzantine General's Problem", so it ...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to View More

Application Information

Patent Timeline
no application Login to View More
IPC IPC(8): G06Q30/06
CPCG06Q30/0601
Inventor 高杰
Owner 深圳市新世纪启航科技开发有限公司
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Patsnap Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Patsnap Eureka Blog
Learn More
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic, Popular Technical Reports.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap|About US| Contact US: help@patsnap.com