Approval of US Patent Application

Summary by AI BETAClose X

Quantum Blockchain Technologies plc has received formal approval from the United States Patent and Trademark Office for its ASIC Ultra Boost patent application, titled "Message Scheduling for Cryptographic Hashing," which aims to improve Bitcoin mining efficiency by eliminating redundant computations in SHA256 message scheduling. While this approval is not a final grant, the company expects the patent to be issued after payment of issue and publication fees. The company intends to explore licensing or other commercial arrangements to monetize this intellectual property and is seeking semiconductor sector expertise to advise on monetization strategies, though there is no certainty of short-term revenue generation.

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