The company of Cameron and Tyler Winklevoss has filed with the USPTO (United States Patents and Trademarks) a patent that will store digital assets more securely. This patent is titled “System and method for storing mathematically based digital assets using a secure portal”.
The patent includes a new method that will achieve the division of a digital assets account into several private key segments, thus achieving greater security for the shelter of crypto coins.
According to the patent, these private keys that will be held for accounts with multiple signatures will be stored as backups in a secure storage that is difficult to access and will only be accessible in the event that the simple keys are lost.
In the presentation of the patent it could be known that it will be applied for digital assets based on mathematics such as BTC, ETH, XRP, LTC and some other altcoins that are in the market of crypto coins.
It is not the first patent of the Winklevoss
This is not the first time that the Winklevoss brothers filed a patent application, and a few months ago, in the same 2018, the brothers had won a patent application that was based on the marketing of assets based on cryptography that allowed to liquidate these products through stock exchange trading using crypto currencies.
In June they also filed a similar patent for an ETP system but this time related to the cryptomoney market.
In April, the Winklevoss brothers filed another patent that focused on improving the security of digital transactions through the implementation of encryption techniques already used in the crypto-money market.
The Winklevoss brothers and crypto coins
The Winklevoss brothers, famous for getting a million-dollar deal with Mark Zuckeberg on charges of stealing a business idea on Facebook, were among the first 1,000 millionaires in crypto currencies when the boom came to an end in 2017.
They are also linked to the world of crypto coins through Exchange Gemini, their own exchange house. In fact, with this Exchange they have already presented innovative and unique inventions that are not present in other exchange houses that are within the market.
One of these inventions is Gemini Block Trading, a system that allows transactions outside the book that carries the Exchange. On the page they say that in this way they achieve more permissible transactions, not competitive, negotiated privately, and that exceed the prices of the company’s order book.