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

Winklevoss IP, a company owned by twins Cameron and Tyler Winklevoss, has filed a new patent for digital assets security transactions.

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.

No comments:

Post a Comment

Important notice: Almost all online business are temporary only & it may be become scam at any point of the time, Hence, I/we request those who want to invest their hard earned money in that.. Please verify yourself before you invest & you are the only responsible for your own money..the website owner ( are not responsible for any lose, profit or scam. Admin *** महत्वपूर्ण सूचना: लगभग सभी ऑनलाइन व्यवसाय अस्थायी हैं और यह समय के किसी भी समय घोटाला हो सकता है, इसलिए / मैं उन लोगों से अनुरोध करता हूं जो अपनी कड़ी मेहनत के पैसे का निवेश करना चाहते हैं .. कृपया निवेश करने से पहले अपने आप को सत्यापित करें और आप आपके खुद के पैसे के लिए ही जिम्मेदार हैं .. वेबसाइट के मालिक ( किसी भी खो, लाभ या घोटाले के लिए जिम्मेदार नहीं हैं। व्यवस्थापक