Bitcoin Forum

Titled “Decentralized electronic transfer system” the patent was submitted on February 25th, 2013 and was publicly published on January 29th, 2016. The patent describes a mobile payment system that would not require a third party to clear transactions and would instead use a “decentralized system” that uses and generates its own private and public keys. The patent mentions Bitcoin by name six times but also points out that the invention “is not limited to Bitcoin, and is applicable in other decentralized electronic systems where transfers are made.”