DMG Blockchain Solutions Secures Patent for Innovative Protocol
DMG Blockchain Solutions Secures U.S Patent for Custom Mempool Protocol
Vancouver, British Columbia - DMG Blockchain Solutions Inc. (TSXV: DMGI) (OTC: DMGGF) has achieved a significant milestone with the issuance of U.S. Patent No. 11,810,103 by the U.S. Patent and Trademark Office. This patent is dedicated to DMG's Custom Mempool Protocol, which redefines how cryptographic events are processed.
Understanding the Custom Mempool Protocol
The Custom Mempool Protocol offers a fresh approach, allowing applications to manage events using hashing processors independent of the public blockchain network. By employing this innovative system, events are hashed with a select group that meets defined criteria, effectively controlling the visibility and propagation of transactions to external nodes. This strategic enhancement not only improves privacy but also fortifies security.
CEO Commentary on the Patent
According to DMG’s CEO, Sheldon Bennett, this patent underlines the company’s aim to create secure and scalable digital asset solutions. He emphasized, "This patent strengthens DMG's commitment to developing secure, scalable digital asset solutions that give users more control over their transactions." This initiative plays a crucial role in DMG's Core+ strategy, a venture deeply connected to its advanced Petra technology.
Petra Technology and Its Significance
Petra technology presents a unique opportunity for financial institutions and professional ordinal artists, enabling them to conduct transactions seamlessly through DMG's Terra Pool. This feature guarantees a carbon-neutral and regulatory-compliant environment for digital transactions. Such strategic advancements not only align with environmental standards but also position DMG as a front-runner in the blockchain domain.
Participation in Upcoming Investor Conference
DMG's management team is slated to showcase its innovations at the ArcStone-Kingswood Growth Summit, which takes place shortly. This event is a vital platform for DMG to engage with investors and industry stakeholders, allowing them to share insights and updates on their strategies. The summit promises to be an exciting opportunity for networking and discussing potential collaborations that could further enhance DMG's offerings.
Stock Options and RSUs Granted to Employees
In a push to align employee performance with the company's long-term goals, DMG also announced the granting of stock options along with restricted stock units (RSUs) to its workforce. Over 398,920 stock options and 2,000,000 RSUs have been allocated as part of this incentive strategy. Stock options are set at an exercise price of $0.48 per share, with a gradual vesting schedule intended to ensure employees remain committed to the company’s growth.
About DMG Blockchain Solutions Inc.
DMG is recognized for its sustainable and vertically integrated operations in blockchain technology and data management. By developing comprehensive solutions, DMG aims to monetize the blockchain ecosystem effectively. The company's dual focus on Core and Core+ strategies reflects its commitment to elevate blockchain services while adhering to environmentally responsible practices.
Contact Information
If you're seeking more information about DMG Blockchain Solutions or want to get in touch for inquiries, please reach out to:
Sheldon Bennett, CEO & Director
Phone: 516-222-2560
Email: investors@dmgblockchain.com
Website: www.dmgblockchain.com
Frequently Asked Questions
What is the significance of the U.S Patent issued to DMG?
The patent recognizes DMG's Custom Mempool Protocol, enhancing its blockchain processing capabilities and security measures.
How does the Custom Mempool Protocol improve security?
This protocol ensures that only selected events are hashed and prevents unauthorized propagation of transactions, bolstering privacy and control.
What is the role of the Petra technology?
Petra technology allows financial institutions to conduct carbon-neutral transactions, supporting DMG's commitment to eco-friendly practices.
Where will DMG present its innovations?
DMG is scheduled to present at the ArcStone-Kingswood Growth Summit, offering insights into their latest developments.
How has DMG incentivized its employees?
DMG has granted stock options and RSUs to staff, linking employee rewards to the company's long-term success.
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