On September 4, the U.S. Patent and Trademark Office (USPTO) revealed that Cameron and Tyler Winklevoss’ company, Winklevoss IP, has filed a new patent for “securely storing digital assets”.
The 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.
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.
The patent applies to “digital math-based assets,” where Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are mentioned among other altcoins.
