• Amazon has filed a patent for a Proof-of-Work (PoW) system that uses cryptography. Amazon has been working in different blockchain-related projects in the last few months and it is expanding its presence in the market.

Amazon has filed a patent for a Proof-of-Work (PoW) system that uses cryptography. Amazon has been working in different blockchain-related projects in the last few months and it is expanding its presence in the market.

Although this is not related to blockchain technology, Amazon has made several advances in terms of Distributed Ledger Technology (DLT). A few days ago, the company announced that its Amazon Web Services were going to be using a managed blockchain service and allow users and companies to set up their own blockchain network using Amazon’s services.

Moreover, Whole Foods, a subsidiary of Amazon, announced this week that it will be accepting payments in different virtual currencies, including Bitcoin (BTC), Ethereum (ETH), Gemini USD (GUSD) and Bitcoin Cash (BCH).

Amazon has recently filed a patent that makes reference to a proof-of-work (PoW) system that uses cryptography. This patent was filed just a few days ago on May 14 and it describes techniques that use Merkle trees as a solution to a PoW challenge.

Implementing New PoW Tools

Blockchains are formed by different components, and one of them is Merkle trees. In this patent filed by Amazon, the generation of these Merkle trees could fulfil a challenge and give access to a computer resource. The abstract explains that this challenge may include a message and a seed that can be used in part to cryptographically derive information that could be used to generate a solution to that challenge.

This innovation could eventually be used to protect systems from denial-of-service attacks and other similar actions from attackers and hackers, which are expanding in the crypto space. The patent does not make any reference to blockchain technology or virtual currencies.

Anthony Pompliano, co-founder and partner at Morgan Creek Digital, has also informed about Amazon’s plans and PoW system.

Amazon Files New Patent For a Proof-of-Work System That Uses Cryptography

Amazon has recently filed a patent that makes reference to a proof-of-work (PoW) system that uses cryptography. This patent was filed just a few days ago on May 14 and it describes techniques that use Merkle trees as a solution to a PoW challenge.

Implementing New PoW Tools

Blockchains are formed by different components, and one of them is Merkle trees. In this patent filed by Amazon, the generation of these Merkle trees could fulfil a challenge and give access to a computer resource. The abstract explains that this challenge may include a message and a seed that can be used in part to cryptographically derive information that could be used to generate a solution to that challenge.

This innovation could eventually be used to protect systems from denial-of-service attacks and other similar actions from attackers and hackers, which are expanding in the crypto space. The patent does not make any reference to blockchain technology or virtual currencies.

Anthony Pompliano, co-founder and partner at Morgan Creek Digital, has also informed about Amazon’s plans and PoW system.

Although this is not related to blockchain technology, Amazon has made several advances in terms of Distributed Ledger Technology (DLT). A few days ago, the company announced that its Amazon Web Services were going to be using a managed blockchain service and allow users and companies to set up their own blockchain network using Amazon’s services.

Moreover, Whole Foods, a subsidiary of Amazon, announced this week that it will be accepting payments in different virtual currencies, including Bitcoin (BTC), Ethereum (ETH), Gemini USD (GUSD) and Bitcoin Cash (BCH).

Image courtesy of Time.com

Written by MyBitcoin Team Staff

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