The Irish company Malikie Innovations, which acquired 32,000 BlackBerry patents in 2023, has filed lawsuits against major Bitcoin miners Marathon Digital and Core Scientific. They are accused of infringing patents on elliptic curve cryptography (ECC), a key technology of the Bitcoin blockchain. These legal cases could set an important precedent for the application of patents in the crypto industry, forcing miners to revise technologies or pay licensing fees.
Malikie Innovations is likely targeting the entire mining sector, raising concerns among other companies. If the court finds Marathon and Core Scientific guilty, it could trigger a wave of lawsuits against other miners using similar methods. This underscores the importance of understanding intellectual property in the rapidly evolving crypto industry.
Previously, similar lawsuits have already targeted Bitcoin. For example, Craig Wright unsuccessfully attempted to assert rights over Bitcoin technologies but lost. The current lawsuits could have broader implications, affecting the decentralized nature of cryptocurrencies.
Stay updated on the world of mining and the crypto industry! Subscribe to #MiningUpdates to keep up with the latest news.
#Bitcoinmining #CryptoLawsuits #BlockchainPatents #cryptocurrency $BTC $ETH #MiningUpdates