{"id":8074,"date":"2018-09-06T16:46:33","date_gmt":"2018-09-06T16:46:33","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=8074"},"modified":"2018-09-06T16:46:33","modified_gmt":"2018-09-06T16:46:33","slug":"winklevoss-twins-files-patent-for-secure-digital-asset-storage","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/winklevoss-twins-files-patent-for-secure-digital-asset-storage\/","title":{"rendered":"Winklevoss Twins Files Patent For Secure Digital Asset Storage"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7880 alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/07\/cameron-and-tyler-winklevoss.jpg\" alt=\"Cameron and Tyler Winklevoss\" width=\"380\" height=\"250\" \/>The U.S. Patent and Trademark Office (USPTO) have published a new patent filed by Cameron and Tyler Winklevoss\u2019 for <strong>\u201csecurely storing digital assets.\u201d<\/strong> The patent titled <strong>\u201cSystems and methods for storing digital math-based assets using a secure portal,\u201d<\/strong> filed by Winklevoss IP, LLC, explains a new approach that allows dividing a cryptocurrency account <strong>\u201cinto a plurality of private key segments,\u201d<\/strong> offering a highly secure technology for cryptocurrencies.<\/p>\n<p>The patent explains the system as follows:<\/p>\n<blockquote><p>\u201cPrivate 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.\u201d<\/p><\/blockquote>\n<p>Per the filing, the patent is applicable to <strong>\u201cdigital math-based assets,\u201d<\/strong> which includes Bitcoin (BTC) and other altcoins such as Ethereum (ETC), Ripple (XRP), and Litecoin (LTC).<\/p>\n<p>In April, <a href=\"https:\/\/www.legitgambling.com\/news\/winklevoss-etf-rejected-by-sec-again-hits-bitcoin-price\/\">the firm received a patent for a system<\/a> that enhances the security of <a href=\"https:\/\/www.legitgambling.com\/news\/gemini-to-monitor-cryptos-with-nasdaqs-smarts-surveillance-tech\/\">digital transactions through the use<\/a> of common cryptographic encryption principles.<\/p>\n<p>During the second quarter, Winklevoss IP was granted a patent for cryptocurrency-based asset trading that enables utilizes cryptocurrencies for the settlement of exchange-traded products (ETPs). Furthermore, in June, the Winklevoss\u2019 brothers also received a patent for another crypto-related ETP system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Patent and Trademark Office (USPTO) have published a new patent filed by Cameron and Tyler Winklevoss\u2019 for \u201csecurely storing digital assets.\u201d The patent titled \u201cSystems and methods for storing digital math-based assets using a secure portal,\u201d filed by Winklevoss IP, LLC, explains a new approach that allows dividing a cryptocurrency account \u201cinto a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,1],"tags":[],"class_list":["post-8074","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - 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storing digital assets.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/winklevoss-twins-files-patent-for-secure-digital-asset-storage\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-06T16:46:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/07\/cameron-and-tyler-winklevoss.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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