The technology that improves the scalability of blockchain is patented by the Bank of China, one of the largest state-owned banks in the country. The technology will allow storing the transaction history not in each new block, but in a separate “data block”, according to the report published by China’s State Intellectual Property Office. When receiving a request for transaction compression from the first block to the thousandth, the system creates a new data block and temporarily stores it in another system. The system will then run the packed data through a hash function with a hash value. The patent is aimed at reducing the amount of data stored in new blocks, as transactions are generated in the blockchain.

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