According to a report by Finance World on June 26, 2024, intellectual property information from Tianyancha shows that Shenzhen Qianhai WeBank Co., Ltd. has applied for a patent titled “A Transaction Verification Method, Device, and Storage Medium,” with the publication number CN202410379695.2, filed in March 2024.
The patent abstract reveals that this application example provides a transaction verification method, device, and storage medium related to the field of blockchain technology. In this method, the blockchain system receives a transaction to be verified from the client, carrying a transaction address. The transaction to be verified includes: transaction content, target signature, and signature nonce. Based on the signature nonce and the coordinates of a known base point, verification parameters are generated; and based on the verification parameters and the target signature, an encrypted public key is recovered. The target signature is then verified against the transaction content using the encrypted public key. Upon successful signature verification, the encrypted public key is encoded to obtain a reference address. If the reference address matches the transaction address, the transaction to be verified is confirmed as valid. Since the original public key is a two-dimensional coordinate and the signature nonce is a one-dimensional parameter, compared to transmitting and storing the public key, this application’s transmission and storage of the signature nonce can reduce the resources occupied for transmission and storage, thereby enhancing the efficiency and performance of the blockchain system.
This article is sourced from: Finance World
Author: Intelligence Officer