No Miners? Intel Seeks to Automate DLT Block Verification

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Software giant Intel is looking to guard a novel means to verify transactions on a distributed book. In a file published last Thursday from the U.S. Patent and Trademark Office, the company defines a technique by which it might partition and upgrade distributed ledgers automatically, with a processor able to independently verify that new blocks are legitimate and ready to be attached to the ledger. This is different in A common exploitation method advanced by blockchains like bitcoin, which rely on a network of nodes that are competing to verify and record transactions in exchange for rewards. Notably, the request explains that a few of those distributed ledger systems may also are block chains, but makes a distinction between two related technologies.

In accordance with the application, the physical computers would need to be pre programmed with certain parameters to determine how a block may be confirmed. But, discussing the scalability concerns facing blockchains today, the patent application also notes distributed ledgers might not be the most effective form of data storage. It says ledgers have scalability problems. When all the validators at a DLS needs to have a copy of all the transactions, all the transactions have to be broadcast to all the validators. These broadcasted transactions create an extremely large number of network messages. Because this would make a lot network messages, a DLS may impose important storage requirements and might not scale well, it adds. Intel picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
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mining method
scalability concerns
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