Quantum Blockchain Secures US Patent Approval for ASIC UltraBoost Invention

Quantum Blockchain Technologies Plc (QBT) has received approval from the United States Patent and Trademark Office for its patent application titled 'Message Scheduling for Cryptographic Hashing.'

This patent, US Application No. 18/696,073, is for the ASIC UltraBoost invention that aims to improve algorithmic efficiency in Bitcoin mining by eliminating redundant computations within the SHA256 message schedule specific to Bitcoin mining.

The company notes that approval from the USPTO does not grant final patent rights and certain formalities remain. The Company has already instructed its UK patent lawyer to liaise with its US patent attorney for submission of the appropriate payment to the USPTO.

In a statement, Francesco Gardin, CEO and Executive Chairman of QBT, commented that 'This patent represents a further step in the Company's strategy of building a focused portfolio of intellectual property around the efficiency of cryptographic hashing hardware used in Bitcoin mining.'