DMG Blockchain Secures Patent for Custom Mempool Protocol Boosting Privacy and Security
DMG Blockchain Solutions Inc. has been granted a patent for its Custom Mempool Protocol, a new technology designed to bolster privacy, security, and compliance in blockchain transactions. The protocol is integrated into Petra, DMG's proprietary technology for secure blockchain transactions, and operates through DMG's Terra Pool, maintaining carbon-neutral operations and regulatory compliance.
The Custom Mempool Protocol, now protected under U.S. Patent No. 11,810,103, is set to benefit financial institutions and artists working with ordinals. It allows applications to send transactions directly to independent hashing processors, improving security and control. The protocol prevents unnecessary data propagation to external nodes, increasing privacy and efficiency.
DMG's CEO, Sheldon Bennett, considers this patent a key part of the company's Core+ strategy. The protocol is expected to integrate seamlessly with DMG's other technologies, enhancing its product offerings. This follows DMG's previous blockchain project, the Petra decentralized finance (DeFi) platform, scheduled for release in the first quarter of 2023.
DMG Blockchain Solutions Inc. has obtained a patent for its Custom Mempool Protocol, a technology that enhances cryptographic event processing in blockchain transactions. The protocol, integrated into DMG's Petra technology and operating through the Terra Pool, aims to strengthen blockchain solutions for a broader market, providing a secure, compliant, and privacy-focused platform for financial institutions and artists working with ordinals.
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