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April 13, 2018, 03:26:14 PM |
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Today, it was announced that Winklevoss twins have been granted new patents related to increased security in digital operations. The twins Winklevoss, famous for his links with Facebook's social networking and creation, have switched to crypto efforts since mid-2013. They have formed an exchange called Gemini, and have gained several patents since then.
Patent business is a very important business because it allows its proponents to defend the right of the proposed solution. A patent is a form of intellectual property of a way of doing things, in general. Business patents in the cryptocurrency industry are still new and booming, especially when dealing with security issues.
The patent relates to defining "Systems, methods, and product programs for processing secure transactions in cloud computing systems". What this means is that they have effectively proposed a new system to improve the reliability of money operations in a distributed environment. The distributed environment, or "cloud computing system" as mentioned in this patent, is a platform where not all users are directly connected, and they must rely on long distance connections to communicate between them.
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