Coindesk Logo

Blockchain Startup Bitfury Files for Electronics Design Patent

Blockchain Startup Bitfury Files for Electronics Design Patent

Blockchain Startup Bitfury Files for Electronics Design Patent

Venture-backed blockchain startup Bitfury is seeking a patent related to electronics design, public documents reveal.

Venture-backed blockchain startup Bitfury is seeking a patent related to electronics design, public documents reveal.

Venture-backed blockchain startup Bitfury is seeking a patent related to electronics design, public documents reveal.

AccessTimeIconJul 28, 2017, 4:40 PM
Updated Aug 18, 2021, 6:34 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Venture-backed blockchain startup Bitfury is seeking a patent related to electronics design, public documents reveal.

The US Patent and Trademark Office published the application for "Layouts of transmission gates and related systems and techniques" on July 27, attributed to Bitfury Group Limited, based in Georgetown, Kentucky, with Bitfury CTO Valery Nebesny listed as the sole inventor.

The patent itself is focused on transmission gates, also known as analog switches, which allow electronic signals to pass through a certain point when activated. According to the text, the application covers both the layout design as well as the methodology for creating the layout.

The application makes a sole reference to bitcoin mining when describing possible uses for the patent. Bitfury is one of the world's bitcoin mining chip developers, and according to available network data mined roughly 6% of transaction blocks in the past 24 hours.

It states:

"In some embodiments, the multi-bit transmission gate described herein may be integrated into any suitable device including, without limitation, a microprocessor, liquid-crystal display (LCD) panel, light-emitting diode (LED) display panel, television, mobile electronic device (e.g., laptop computer, tablet computer, smart phone, mobile phone, smart watch, etc.), computer (e.g., server computer, desktop computer, etc.), bitcoin mining device, etc."

Public records show that it's a follow-up application to a patent awarded to Bitfury in December. To date, Bitfury has been awarded four patents.

Computer chip image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.