Malikie Innovations, a company that acquired a large number of patents from BlackBerry in 2023, has filed lawsuits against major Bitcoin mining companies Marathon Digital and Core Scientific for using Elliptic Curve Cryptography (ECC) in the Bitcoin blockchain, which they claim to own. The lawsuits stem from Malikie's acquisition of 32,000 patents from BlackBerry in 2023. The legal action alleges that the defendants are utilizing ECC-based cryptographic methods covered by Malikie's patents for their mining operations. If successful, Malikie could recover lost royalties for up to six years, potentially causing financial strain on the defendants. While the outcome remains uncertain, winning the case could set a precedent for future lawsuits against Bitcoin miners in the US. Despite concerns about the security of the Bitcoin network, experts believe Malikie is more likely to seek fees rather than disrupt the industry entirely. Read more AI-generated news on: https://app.chaingpt.org/news

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