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Patent drawing for Cryptocurrency transactions using debit and credit values
US 10,769,600 B2
Business & commerce US 10,769,600 B2 Not in force

Cryptocurrency transactions using debit and credit values

This invention describes a method for moving cryptocurrency from one digital wallet to another. When a transfer request is made, the system creates a pair of linked records, one showing a debit and the other a credit, to track the transaction. This transfer information is then stored on a blockchain, which is a specific type of shared digital ledger.

Why it matters: Filed when blockchain technology was still in its early stages, the infrastructure for scalable and cost-effective cryptocurrency transactions has significantly matured by 2026. This makes implementing a debit/credit tracking system on a blockchain more practical and efficient than a decade ago.

Status
Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build
SpecializedSoftware logic, blockchain implementation, network infrastructure

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