Blockchain Network Transaction Authorization System

Blockchain Network Transaction Authorization System

It mainly describes the authorization of transactions in the blockchain network through work requirements, especially the verification of transaction qualifications by users participating in work within the blockchain network. The following is a summary of the core points of the document:

System Overview:

System Composition: It includes a blockchain network, multiple nodes, and at least one node configured to determine whether a user meets the work requirements.

Work Requirements: Represents the work that the user participates in within the blockchain network. Meeting this requirement is a necessary condition for the transaction to be approved.

Transaction Authorization Mechanism:

Authorization Process: The node determines whether the user meets the work requirements and approves or rejects the transaction accordingly.

Smart Contract Application: The system can configure smart contracts to determine whether users or tokens meet the work requirements, enhancing automation and efficiency.

Token Types and Functions:

Token Classification: It includes security tokens and utility tokens. Utility tokens are not considered investments and therefore may not be subject to securities regulations.

Starcoin Token: As an example, Starcoin is a utility token closely related to the blockchain game StarCard, which can be used to purchase in-game items, upgrade account levels, etc.

Blockchain Games and Economic Models:

StarCard Game: A blockchain-based game that builds a game economy through StarCards (non-fungible tokens) and Starcoin (fungible tokens).

Economic Design: The game economy is managed through parameters such as token issuance management, asset hierarchy, scarcity configuration, and transaction dynamics.

Technical Solutions and Considerations:

Scaling Solutions: Mention Ethereum's Casper, Sharding, and Plasma and other scaling solutions to enhance system throughput and reduce latency.

Security and Storage: Emphasizes the security of blockchain technology, and proposes the use of technologies such as WebAssembly (WASM) and Trusted Execution Environment (TEE) to improve system security.

Data Storage Optimization: Designed to reduce data storage requirements and reduce costs, such as processing data through side chains and anchoring results on the main chain.

User Participation and Rewards:

User Participation: Users participate in work through in-game interactions, completing tasks, etc. to meet work requirements.

Reward Mechanism: Users who meet work requirements can unlock token usage, upgrade account levels, and obtain in-game privileges and other rewards.

Legal and regulatory compliance:

Howey test: Discussing whether a token is considered a security, the "Howey test" emphasizes that utility tokens may be exempt from securities regulations due to their non-investment attributes.

Scope of patent protection:

Claims: List the specific claims of the patent in detail, including system configuration, transaction processing flow, token usage and verification mechanism, etc.

The document describes in detail a blockchain transaction authorization system based on work requirements, demonstrating its innovation and practicality in game economy, token management, technical implementation and legal compliance. In particular, through the example of the StarCard game, it illustrates how the system promotes user participation, enhances economic interaction and improves transaction security in practical applications.