Winklevoss brothers win patent for crypto key storage system
Crypto exchange Gemini founders Cameron and Tyler Winklevoss have won a patent for a cold storage method involving air-gapped computers, geographically remote vaults, plastic cards and, possibly, papyrus. The patent outlines a plan to develop a network of computers capable of generating accounts for storing cryptocurrencies or cryptocurrency-related exchange-traded products (ETPs). As part of a security measure, the computers would be isolated except when necessary to transfer assets, essentially acting as a cold storage device.
The computers would generate these keys for new accounts, which would then be segmented into parts and written onto an external memory device, such as a flash drive, CD, DVD or written down physically onto a laminated card, sheet of paper, piece of plastic or even papyrus, according to the document. The computers would have access to a secure portal, which could, if necessary, connect the machines to the blockchain network in order to process transactions, the document explains.
The computers would generate these keys for new accounts, which would then be segmented into parts and written onto an external memory device, such as a flash drive, CD, DVD or written down physically onto a laminated card, sheet of paper, piece of plastic or even papyrus, according to the document. The computers would have access to a secure portal, which could, if necessary, connect the machines to the blockchain network in order to process transactions, the document explains.
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