According to a document released on Feb. 23 by China’s State Intellectual Property Office (SIPO), the application was first submitted on Sept. 28 last year and invented by Zhao Shuxiang.
The application details that, instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a “data block.”
For instance, as the patent application describes, once the system receives a request to compress transactions from block 1 to 1,000, it causes a new data block to be formed and temporarily hosted on a different storage system. The system will then run the packed data through a hash function with a hash value.
Further, the compression system will give labels to identify blocks on the blockchain, newly formed data blocks and the compression event…