Winklevoss Brothers’ Firm Files Patent for Secure Digital Assets Storage


Winklevoss IP Files Patent for Digital Assets’ Storage

It has been recently revealed that twins, Cameron and Tyler Winklevoss’ firm, ‘Winklevoss IP’, has filed for a patent with the USPTO on Tuesday, September 4. As per existing details, the patent has since been dubbed, “Systems and methods for storing digital math-based assets using a secure portal”.

By analyzing the ‘Abstract’ section alone, it is clear that the main goal is to use a secure portal that would protect digital assets’ storage. The entirety supposedly requires “an isolated computer within an electronic isolation chamber” that would be useful in creating accounts, at least one private key and a respective identifier. Furthermore, each private key “may be divided into a plurality of private key segments and written to a card” which also contains the identifier.

In regard to the type of assets that are focused here, it is evident that they are “math-based assets”, which are none other than cryptocurrencies including the likes of Bitcoin [BTC], Ethereum [ETH], Monero [XMR], Ripple [XRP] and Litecoin [LTC], which are just a fraction of over 40 altcoins that have been disclosed thus far.

Coin Telegraph, who also reported on this matter, noted that this isn’t the first of Winklevoss’ successful patents, as the duo behind the firm has since obtained one for exchange-traded products (ETPs), another that involves crypto ETPs and the last one entailing “security of digital transactions.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide