US2021209586A1PendingUtilityA1

System and method for management of cryptocurrency systems

Assignee: COINBASE INCPriority: Sep 20, 2018Filed: Mar 19, 2021Published: Jul 8, 2021
Est. expirySep 20, 2038(~12.1 yrs left)· nominal 20-yr term from priority
G06Q 20/065G06Q 20/3674G06Q 20/0658G06Q 20/4016G06Q 20/3672G06Q 20/3678
45
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Claims

Abstract

Systems and methods for managing cryptocurrency systems.

Claims

exact text as granted — not AI-modified
We claim: 
     
         1 . A cryptocurrency monitoring system, comprising:
 at least one hardware processor; and   a memory storing instructions that cause the at least one hardware processor to perform operations comprising:
 determining monitoring information for a set of blockchain networks; 
 analyzing the monitoring information; and 
 controlling a cryptocurrency management system based on at least one of the blockchain information and the analysis, 
 wherein controlling the cryptocurrency management system comprises at least one of:
 setting at least one operation parameter of the cryptocurrency management system, or 
 disabling functionality of the cryptocurrency management system. 
 
   
     
     
         2 . The cryptocurrency monitoring system of  claim 1 , wherein the cryptocurrency management system is at least one of a set comprising a cryptocurrency wallet and a cryptocurrency exchange. 
     
     
         3 . The cryptocurrency monitoring system of  claim 1 , wherein setting at least one operation parameter comprises setting a risk parameter. 
     
     
         4 . The cryptocurrency monitoring system of  claim 3 , wherein the risk parameter is a transaction confirmation requirement parameter. 
     
     
         5 . The cryptocurrency monitoring system of  claim 1 , wherein disabling functionality of the cryptocurrency management system comprises disabling transaction signing. 
     
     
         6 . The cryptocurrency monitoring system of  claim 1 , wherein monitoring information for a blockchain network includes at least one of: a block hash for a block included in a blockchain of the cryptocurrency network; a parent hash for a block included in a blockchain of the cryptocurrency network; a time stamp for a block included in a blockchain of the cryptocurrency network; a block size of a block included in a blockchain of the cryptocurrency network; or a transaction count for a block included in a blockchain of the cryptocurrency network. 
     
     
         7 . The cryptocurrency monitoring system of  claim 1 , wherein determining the monitoring information comprises monitoring a blockchain node for each blockchain network of the set. 
     
     
         8 . The cryptocurrency monitoring system of  claim 1 , wherein the monitoring information comprises auxiliary data from a non-blockchain data source. 
     
     
         9 . The cryptocurrency monitoring system of  claim 1 , further comprising, based on the analysis, generating at least one of a fork detection notification, a slow chain notification, a fast chain notification, a reorganization notification, a double spend notification, a quorum change notification, a Unique Node List change notification, an empty block notification, or a dangerous invocation notification. 
     
     
         10 . A blockchain monitoring system comprising:
 a set of monitoring modules, each communicatively coupled to a blockchain network from a set of blockchain networks, wherein each monitoring module is configured to determine blockchain information from the respective blockchain network;   an analysis module communicatively coupled to the set of monitoring modules and configured to analyze the blockchain information; and   a response module, communicatively coupled to the analysis module and configured to control a blockchain management system based on at least one of the monitoring information and the analysis results, wherein controlling the blockchain management system comprises setting at least one operation parameter of the blockchain management system.   
     
     
         11 . The blockchain monitoring system of  claim 10 , further comprising disabling functionality of a second blockchain management system based on at least one of the monitoring information and the analysis results. 
     
     
         12 . The blockchain monitoring system of  claim 10 , further comprising a blockchain node for each of the set of monitored blockchain networks. 
     
     
         13 . The blockchain monitoring system of  claim 10 , wherein the operation parameter comprises a risk parameter. 
     
     
         14 . The blockchain monitoring system of  claim 14 , wherein the operation parameter comprises a transaction confirmation threshold. 
     
     
         15 . A blockchain monitoring system comprising:
 a set of monitoring modules, each communicatively coupled to a blockchain network from a set of blockchain networks, wherein each monitoring module is configured to determine blockchain information from the respective blockchain network;   an analysis module communicatively coupled to the set of monitoring modules and configured to process the blockchain information; and   a response module, communicatively coupled to the analysis module and configured to control a blockchain management system based on at least one of the monitoring information and the analysis results, wherein controlling the blockchain management system comprises disabling a functionality of the blockchain management system.   
     
     
         16 . The blockchain monitoring system of  claim 15 , wherein disabling the functionality of the blockchain management system comprises disabling blockchain network participation. 
     
     
         17 . The blockchain monitoring system of  claim 15 , wherein disabling the functionality of the blockchain management system comprises disabling transaction signing. 
     
     
         18 . The blockchain monitoring system of  claim 15 , wherein disabling the functionality of the cryptocurrency management system comprises halting transactions to a set of cryptocurrency addresses. 
     
     
         19 . The blockchain monitoring system of  claim 15 , further comprising setting at least one operation parameter of a second blockchain management system based on at least one of the monitoring information and the analysis results. 
     
     
         20 . The blockchain monitoring system of  claim 15 , wherein the blockchain management system comprises a cryptographic wallet.

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