{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11983705","patent":{"patent_number":"US-11983705","title":"Bank-driven model for preventing double spending of digital currency transferred between multiple DLT networks using a trusted intermediary","assignee":null,"inventors":[],"filing_date":"2022-07-21T00:00:00.000Z","publication_date":"2024-05-14T00:00:00.000Z","cpc_codes":["G06Q","G06Q","G06Q","G06Q","G06Q"],"num_claims":17,"abstract":"A method for preventing the double-spending of digital currency that transfers between multiple distributed ledger technology (DLT) networks. The method includes receiving a message including a smart contract and executing the smart contract. The method further includes detecting a transaction request to transfer the first digital currency from the first DLT network to the second DLT network. The method further includes destroying the digital currency and creating, based on the unit of fiat currency, a second digital currency of a second type on the second DLT network. The method further includes transferring, responsive to detecting the transaction request, the first digital currency from the first DLT network to the second DLT network."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Bank-driven model for preventing double spending of digital currency transferred between multiple DLT networks using a trusted intermediary","description":"A method for preventing the double-spending of digital currency that transfers between multiple distributed ledger technology (DLT) networks. The method includes receiving a message including a smart ","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11983705","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11983705","citation_suggestion":"Patentable. \"Bank-driven model for preventing double spending of digital currency transferred between multiple DLT networks using a trusted intermediary\" (US-11983705). https://patentable.app/patents/US-11983705","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11983705","json":"https://patentable.app/api/llm-context/US-11983705","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-31T14:46:47.711Z"}