US 12,093,937 B2
Selection of validators in decentralized cryptographic network
Sujay Vijay Purandare, Portland, OR (US)
Assigned to PayPal, Inc., San Jose, CA (US)
Filed by PayPal, Inc., San Jose, CA (US)
Filed on Mar. 28, 2022, as Appl. No. 17/656,824.
Prior Publication US 2023/0306418 A1, Sep. 28, 2023
Int. Cl. G06Q 20/38 (2012.01); G06Q 20/06 (2012.01); H04L 9/00 (2022.01)
CPC G06Q 20/3825 (2013.01) [G06Q 20/065 (2013.01); G06Q 20/3827 (2013.01); G06Q 2220/00 (2013.01); H04L 9/50 (2022.05); H04L 2209/56 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A system, comprising:
one or more processors; and
one or more memories having program instructions stored thereon that are executable by the one or more processors to:
transmit, to a mempool corresponding to a blockchain, a request to validate a first electronic transfer, wherein the request includes:
first information that indicates a first transfer fee that is below a threshold fee associated with the blockchain; and
cryptographic signature information, wherein the cryptographic signature information is associated with providing a second transfer fee to an entity that validates the first electronic transfer if the entity meets one or more criteria;
in response to a successful validation of the first electronic transfer by a first entity of a plurality of entities associated with the blockchain, determine whether the first entity meets one or more criteria, wherein the first entity is a miner or validator associated with the blockchain; and
based on a determination that the first entity meets the one or more criteria, transmit, via a second electronic transfer, the second transfer fee to the first entity, wherein a sum of the first and second transfer fees is equal to or greater than the threshold fee.