Winklevoss Twins’ Company Files New Patent for Securely Storing Digital Assets

[iliasamostanov]

Winklevoss Twins’ Company Files New Patent for Securely Storing Digital Assets

Winklevoss Twins’ Company Files New Patent for Securely Storing Digital AssetsNEWS
Cameron and Tyler Winklevoss’ company has filed a new patent for “securely storing digital assets,” the U.S. Patent and Trademark Office (USPTO) revealed Tuesday, September 4.

The Winklevoss IP, LLC patent, entitled “Systems and methods for storing digital math-based assets using a secure portal,” includes a new method that allows for the division of a digital asset account “into a plurality of private key segments,” providing more secure technology for cryptocurrencies. The patent states:

Private keys for a multi-signature account may be stored as backups, e.g., in secure storage, which may be difficult to access, and may be used in the event that more readily obtainable keys are lost.

According to the filing, the patent applies to “digital math-based assets,” where Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are mentioned among other altcoins.

Earlier this spring, Winklevoss IP had won a patent application for crypto-based asset trading that allows for the settlement of exchange-traded products (ETPs) using cryptocurrencies. In June, the Winklevoss’ brothers also won a similar patent for a crypto-related ETP system.

Back in April, Winklevoss IP was granted a patent for a system to enhance the security of digital transactions, implementing common cryptographic encryption principles, as Cointelegraph reported April 13.

Source
https://cointelegraph.com/news/turkish-exchange-develops-blockchain-based-customer-database

[jackpot888]

Since this patent applies to digital math-based assets and where Bitcoin, Ethereum, Ripple, and Litecoin are mentioned among other altcoins so this initiative might be bring a good result for Cryptocurrency.

[blacknight789]

that is a good news for a investor.its give more sequrity for those people who are invest in bit coin.

[Shative]

The link that you provided as a source is unavailable so couldn't find the actual news. However, Winklevoss' twins have so far never disappointed me with their inventions and patents. Though they failed with ETF proposal but the market is to blame there rather than Winklevoss twins. Hopefully this wallet will be another revolutionary invention by them.

[tradcoin]

It’s a nice news that Files New Patent for Securely Storing Digital Assets. I am not sure it will directly make any effect on bitcoin, but definitely it can bring some changes.

[Bourn1993]

Winklevoss Twins Company has taken this amazing initiative to store the digital assets of the people securely. People will be relief by using this as their digital assets will be secured. Though people needs to be careful about this.

[doraemon_33766]

That’s very good news that the Winklevoss Twins Company files new patent for storing the digital assets security. People remain in a tension of their digital asset are secured or not on a digital wallet. This patent will help reduce the tension of the people who are holding the digital asset by providing more secured technology for the crypto currencies.

[VogueaNON]

If they are patenting a platform which can store digital currency then doesn't that mean they are actually patenting a wallet system that has been existed before? I guess I need more clarification regarding this topic. But, since the patent is submitted by Winklevoss I am fairly positive that their product is going to come on top eventually.