MUMBAI, India, Jan. 2 -- Intellectual Property India has published a patent application (202541122152 A) filed by Vellore Institute Of Technology, Vellore, Tamil Nadu, on Dec. 4, 2025, for 'layer 2 blockchain system for decentralized cryptocurrency exchange.'
Inventor(s) include Dr. Niha K; Mr. Ayush Dilip Patil; Mr. Pranav Ajay Phadatare; and Mr. Yashraj Santosh Jadhav.
The application for the patent was published on Jan. 2, under issue no. 01/2026.
According to the abstract released by the Intellectual Property India: "The present disclosure provides a Layer 2 blockchain system for decentralized cryptocurrency exchange. The system includes a Layer 2 blockchain network component configured to process cryptocurrency transactions with enhanced throughput compared to Layer 1 networks, smart contracts configured to execute cryptocurrency exchange transactions, a user interface module configured to receive transaction inputs from users, a wallet integration component configured to establish secure connections with cryptocurrency wallets and handle transaction authentication, and a transaction validation module configured to validate transactions according to protocol rules. The Layer 2 blockchain network component utilizes Polygon CDK technology to achieve transaction throughput increases compared to traditional Layer 1 Ethereum networks while reducing transaction fees. The user interface module receives recipient addresses, transaction amounts, keywords, and messages from users. The wallet integration component establishes secure connections through MetaMask integration and manages wallet authentication and transaction signing processes."
Disclaimer: Curated by HT Syndication.
