Digital asset price regulation system using distributed ledger transaction processing rewards

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United States of America Patent

PATENT NO 11769183
SERIAL NO

16996643

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Abstract

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A system is provided for regulating the price of digital assets through work performed by a plurality of transaction processing (and/or validating) systems incented by rewards to participate on distributed ledgers such as blockchain networks. The system increases the demand for price regulated digital assets through an automated, tamperproof, hence mandatory conversion of a portion of digital assets received as work rewards for processing transactions in exchange for other digital assets targeted for price control. The system, composed of hardware and software, operates with or without intermediaries, where the reward is ultimately distributed to owners of said transaction processing systems. The system provides a means to control the price of digital assets to stabilize digital currencies, assist regulators to enforce anti-money laundering and tax evasion laws, while optionally providing price reductions using rebates to consumers and subsidies to manufacturers of distributed ledger transaction processing and/or validating systems.

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Patent Owner(s)

Patent OwnerAddress
OPTDYN INCNEW CASTLE DE

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Karasulu, Alev O Brentwood, US 1 1
Khudairi, Sally Wellesley, US 1 1

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