Stakenet, a decentralized blockchain composed of Lightning Network, Masternodes and dApps, announced that it has joined the Cryptocurrency Open Patent Alliance (COPA) as its 19th member.
“As some of you may know, we have been hit by a patent that a large company has been working on. We published our research results on a system called Exertive Proof of Stake (EPOS), which uses Human activities to mine cryptocurrency. Two days after we published an article, someone representing this big company has already obtained the same thing and started the patent process. Therefore, for us, it is very important for us to become a member and oppose this activity. Appropriate.”
– Stakenet team
Stakenet is a practical blockchain with master nodes, lightning network, enhanced security algorithms and cross-chain functions. XSN utilizes rights and interests through Trustless Proof of Rights (TPoS) to provide a high level of security in the existing proof of rights network.
The Cryptocurrency Open Patent Alliance (COPA) is a non-profit organization composed of like-minded people and companies that aims to encourage the adoption and development of cryptocurrency technology and eliminate patents, which are obstacles to growth and innovation.
COPA recognizes that cryptocurrency technology is built on the joint efforts of a community of developers, engineers, and designers. The success of cryptocurrency is the direct result of the community uniting to develop and develop based on the common interests of all people. We believe that COPA will help achieve this goal.
Patent commitments and shared patent libraries will work together to help reduce the incidence and threat of patent litigation and benefit the entire cryptocurrency community. Patent commitments eliminate the threat of patents being offended in litigation, and the shared patent library serves as a shield for COPA members against patent infringers.
“As the crypto economy continues to grow, we believe that it is important to help empower all projects that build an open financial system. We look forward to working with COPA members to create a basic patent protection shield for our industry.”
-Brittany Cuthbert, COPA board member and Senior Counsel of Coinbase