US 2016-0224949
"Temporary Consensus Subnetwork in a Distributed Network For Payment Processing"
RIPPLE LABS INC.
Claims
- A method for making a payment transaction between a payor having an associated payor computer with a ledger storage for the payor and a payee having an associated payee computer with a ledger storage for the payee in a consensus payment network having a plurality of nodes each comprising a respective computer with ledger storage and relying on consensus determinations, comprising the steps of:
providing an initiator for making the payment transaction between the payor and the payee, the initiator being either the payor, the payee, or an intermediary having an associated intermediary computer;
the respective initiator computer creating a temporary payment transaction consensus subnetwork comprising a set of validation nodes acceptable to both the payor and the payee, the set of validation nodes comprising fewer than all of said plurality of nodes in the payment network; and
the respective initiator computer processing the payment transaction via the consensus payment network from the payor to the payee based on a determination of consensus by the consensus subnetwork.!