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Patent US10592979
Issued 2020-03-17
Managing Blockchain Transactions
An example operation may include one or more of changing a status of a current blockchain to a closed and retired status based on expiration of a limited time window, creating a genesis block associated with a new blockchain, storing a world state of the current blockchain in the genesis block, creating one or more smart contracts, storing the one or more smart contracts on the new blockchain, and initiating an open stage on the new blockchain, and the open stage permits one or more potential blockchain transactions to be written to the new blockchain.
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- 1. A method, comprising:
changing, via a node of a blockchain system, a status of a current blockchain of the blockchain system to a closed status and a retired status based on expiration of a limited time window defined in a smart contract implemented on the current blockchain; creating, via the node, a genesis block associated with a new blockchain; storing, via the node, a world state of the current blockchain in the genesis block; modifying, via the node, the smart contract for the new blockchain; communicating, via the node, the modified smart contract to the genesis block; and writing, via the node, one or more potential blockchain transactions to the new blockchain based on an initiating of an open stage on the new blockchain, wherein the initiating of the open stage is based on the creation of the genesis block.
- 8. A node of a blockchain system, the node, comprising a processor configured to:
change a status of a current blockchain of the blockchain system to a closed status and a retired status based on expiration of a limited time window defined in a smart contract implemented on the current blockchain; create a genesis block associated with a new blockchain; store a world state of the current blockchain in the genesis block; modify the smart contract for the new blockchain; communicate the modified smart contract to the genesis block; write one or more potential blockchain transactions to the new blockchain based on an initiating of an open stage on the new blockchain, wherein the initiating of the open stage is based on the creation of the genesis block.
- 15. A non-transitory computer readable storage medium configured to store one or more instructions that when executed by a processor cause the processor to perform:
changing, via a node of a blockchain system, a status of a current blockchain of the blockchain system to a closed status and a retired status based on expiration of a limited time window defined in a smart contract implemented on the current blockchain;
creating, via the node, a genesis block associated with a new blockchain;
storing, via the node, a world state of the current blockchain in the genesis block;
modifying, via the node, the smart contract for the new blockchain contracts;
communicating, via the node, the modified smart contract to the genesis block; and
writing, via the node, one or more potential blockchain transactions to the new blockchain based on an initiating of an open stage on the new blockchain, wherein the initiating of the open stage is based on the creation of the genesis block.
