Protecting Bitcoin Mining From Patent Trolls
The post Protecting Bitcoin Mining From Patent Trolls appeared on BitcoinEthereumNews.com.
Introduction: Patent Trolls Targeting Bitcoin Mining
Bitcoin’s use of elliptic curve cryptography (ECC), which is important for generating essential sets and validating digital signatures, has drawn the attention of a nonpracticing entity (NPE), commonly known as a patent giant. Malikie asserts that regular Bitcoin operations, such as validating deals with ECC-based signatures, may infringe on several ECC-related patents initially established by Certicom (later owned by BlackBerry). If Malikie succeeds, anyone running Bitcoin software (miners, node operators, and even wallet companies) could face patent liability.