The Winklevoss Twins File a Patent Application for a Method for Storing Digital Assets

The Winklevoss Twins File a Patent Application for a Method for Storing Digital Assets

Brothers Cameron and Tyler Winklevoss have applied for a patent for a new secure method for storing digital assets.

Winklevoss IP LLC's patent, "Systems and Methods for Storing Digital Mathematical Assets Using a Secure Portal," is a new method that allows digital asset accounts to be partitioned "into shared or private key segments."

The patent application states that "private keys for a multi-signature account may be stored as backup copies, such as in a hard-to-access secure vault, and may be used if a key with a simpler one is lost." access.”

Earlier this year, Winklevoss IP received a patent for trading cryptocurrency exchange products. In June of this year, Cameron and Tyler also received a patent for the issue of shares tied to an exchange traded product (ETP).

According to Cointelegraph, on April 13 of this year, Winklevoss IP received a patent for a system for improving the security of virtual transactions using conventional cryptographic principles encryption.


According to cryptodaily.co.uk

You May Also Like

1112018-11-08

Japan and cryptocurrencies: a unique situation

Japan is the place where cryptocurrency appeared, where Bitcoin.com is headquartered, where the first crypto exchange MtGox was created, and the birthplace of the mysterious Bitcoin creator Satoshi Nakamoto. However, the entire development of the digital movement taking place in the Land of the Rising Sun still remains a mystery in the Western world.

Interesting
742024-06-04

Credit is not as bad as

To take or not to take, that is the question. Since the time of William our Shakespeare, and to this day, the relevance of this issue has not diminished.

Interesting, Opinion

Latest articles from Interesting category