Tencent Files Patent for Blockchain Consensus Method, Aiming to Enhance Consensus Performance

Tencent Files Patent for Blockchain Consensus Method, Aiming to Enhance Consensus PerformanceFinancial World, October 18, 2024 - According to information from the State Intellectual Property Office, Tencent Technology (Shenzhen) Co., Ltd

Tencent Files Patent for Blockchain Consensus Method, Aiming to Enhance Consensus Performance

Financial World, October 18, 2024 - According to information from the State Intellectual Property Office, Tencent Technology (Shenzhen) Co., Ltd. has filed a patent for a "Blockchain Consensus Method, Device, Computer-Readable Medium and Electronic Device", with publication number CN118784658A and application date in April 2023.

The patent aims to address the issue of long consensus times in blockchain, proposing a novel consensus method that dynamically adjusts proposal waiting parameters to reduce consensus time and enhance blockchain consensus performance.

According to the patent abstract, the consensus method mainly involves the following steps:

1. Obtaining Proposal Waiting Parameters: Obtain the proposal waiting parameters corresponding to the current proposal node based on the recorded proposal waiting parameters corresponding to each blockchain node.

2. Determining Proposal Waiting Duration: Determine the proposal waiting duration corresponding to the current proposal node based on the proposal waiting parameters corresponding to the current proposal node.

3. Dynamically Adjusting Proposal Waiting Parameters: During the proposal phase of the current proposal node, if no proposal message initiated by the node is received within the proposal waiting duration, adjust the proposal waiting parameters corresponding to the node to shorten the proposal waiting duration.

The technical solution implemented in this patent can effectively shorten the consensus time of blockchain and enhance consensus performance. This has significant implications for blockchain applications that rely on rapid consensus, such as digital asset trading, supply chain management, and identity authentication.

As an internet giant, Tencent has been actively deploying in the blockchain field in recent years, exploring and practicing in various aspects. This application for a patent on blockchain consensus methods demonstrates Tencent's continuous investment in blockchain technology research and development, and its commitment to improving blockchain efficiency and performance.

This patent is expected to drive the development and application of blockchain technology in the future, and provide a stronger foundation for its application in more fields.