{"id":81321,"date":"2018-09-06T18:00:20","date_gmt":"2018-09-07T01:00:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=81321"},"modified":"2026-04-20T09:35:48","modified_gmt":"2026-04-20T08:35:48","slug":"winklevoss-brothers-file-patent-detailing-innovative-cryptocurrency-storage-system","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/winklevoss-brothers-file-patent-detailing-innovative-cryptocurrency-storage-system\/","title":{"rendered":"Winklevoss Brothers File Patent Detailing Innovative Cryptocurrency Storage System"},"content":{"rendered":"<p>The wholly-owned investment fund of Cameron and Tyler Winklevoss has <a href=\"http:\/\/patft.uspto.gov\/netacgi\/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=7&f=G&l=50&co1=AND&d=PTXT&s1=distributed&s2=ledger&OS=distributed+AND+ledger&RS=distributed+AND+ledger\">filed<\/a> a patent describing a secure mechanism for storing digital assets, according to a patent filing published by the U.S. Patent and Trademark Office (USPTO).<\/p>\n<h2>Winklevoss Attempt Crypto Breakthrough<\/h2>\n<figure id=\"attachment_75574\" aria-describedby=\"caption-attachment-75574\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-75574\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/winklevoss-forward-social-300x158.jpg\" alt=\"\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/winklevoss-forward-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/winklevoss-forward-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/winklevoss-forward-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/winklevoss-forward-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-75574\" class=\"wp-caption-text\">Related: <a href=\"https:\/\/cryptoslate.com\/winklevoss-twins-charge-ahead-despite-second-bitcoin-etf-rejection\/\">Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection<\/a><\/figcaption><\/figure>\n<p>The document, titled &#8220;Systems and methods for storing digital math-based assets using a secure portal,&#8221; details a method for storing multiple digital assets, as well as various private keys, on a single user account.<\/p>\n<p>The development may not necessarily be used on Gemini, the Winklevoss brothers-owned exchange, as its investment arm Winklevoss IP\u00a0focuses on funding blockchain-based avenues instead of facilitating trade. In fact, the patent does not mention Gemini at all.<\/p>\n<p>The new method \u201cdivides\u201d a digital asset account into a \u201cplurality of private keys\u201d for increasing the safety of one\u2019s portfolio. According to the patent:<\/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>The patent mentions <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin (BTC)<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum (ETH)<\/a>, <a href=\"https:\/\/cryptoslate.com\/coins\/xrp\/\">Ripple (XRP)<\/a>\u00a0and <a href=\"https:\/\/cryptoslate.com\/coins\/litecoin\/\">Litecoin (LTC)<\/a> while describing its application to \u201cdigital math-based assets,\u201d in addition to obscure altcoins like IxCoins, Qoras, YbCoins, and BBQcoins.<\/p>\n<h2>The Crypto Storage System<\/h2>\n<p>According to the patent, the system will acquire a customer\u2019s basic personal details\u2013such as addresses, phone numbers, username and password, biometric information, etc.\u2013to link their identity to a set of private keys.<\/p>\n<p>Next, each key will be ciphered by the system before it is segmented into several parts. From there, a copy of a user\u2019s private key will be held in a secure, privately-held storage system along with a portion of the ciphered key stored on a customer\u2019s phone or crypto debit card.<\/p>\n<p>Overall, the patent \u201cbreaks up\u201d a ciphered key, which represents a private key, into various pieces and stores it through both the client and company.<\/p>\n<figure id=\"attachment_66840\" aria-describedby=\"caption-attachment-66840\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-66840\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/therace-btc-social-300x158.jpg\" alt=\"The Race for a Bitcoin ETF: The Winklevoss Brothers\u2019 Effort\" width=\"300\" height=\"158\" \/><figcaption id=\"caption-attachment-66840\" class=\"wp-caption-text\">Related:\u00a0<a title=\"The Race for a Bitcoin ETF: The Winklevoss Brothers\u2019 Effort\" href=\"https:\/\/cryptoslate.com\/the-race-for-a-bitcoin-etf-the-winklevoss-brothers-effort\/\">The Race for a Bitcoin ETF: The Winklevoss Brothers\u2019 Effort<\/a><\/figcaption><\/figure>\n<p>In the case of retrieval, a customer\u2019s identity must be authenticated by comparing details given before the assets were stored. Once an automated system confirms the identity, the computer transmits a message to release private key information to the customer.<\/p>\n<p>A key\u2019s \u201cdecryption, reassembly and\/or deciphering of private keys\u201d will occur before the private key is returned to a rightful owner and will be performed entirely by the system, requiring zero-human interaction at any stage.<\/p>\n<p>While the underlying protocol of the patent is described above, the patent goes in-depth to describe avenues where such a system can be deployed including exchanges, digital wallet providers and Bitcoin-ETF funds.<\/p>\n<p>If awarded, the patent would mark the second instance of a cryptosecurity system described by the Winklevoss twins. In April 2018, the brothers were granted a filing that enhanced digital asset transactions using cryptographic encryption, a conventional technique used to process cloud-based financial transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The wholly-owned investment fund of Cameron and Tyler Winklevoss has filed a patent describing a secure mechanism for storing digital assets, according to a patent filing published by the U.S. Patent and Trademark Office (USPTO). Winklevoss Attempt Crypto Breakthrough The document, titled &#8220;Systems and methods for storing digital math-based assets using a secure portal,&#8221; details [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Winklevoss Brothers File Patent Detailing Innovative Cryptocurrency Storage System<\/title>\n<meta name=\"description\" content=\"The wholly-owned investment fund of Cameron and Tyler Winklevoss has filed a patent describing a secure mechanism for storing digital assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/winklevoss-brothers-file-patent-detailing-innovative-cryptocurrency-storage-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winklevoss Brothers File Patent Detailing Innovative Cryptocurrency Storage System\" \/>\n<meta property=\"og:description\" content=\"The wholly-owned investment fund of Cameron and Tyler Winklevoss has filed a patent describing a secure mechanism for storing digital assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/winklevoss-brothers-file-patent-detailing-innovative-cryptocurrency-storage-system\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-07T01:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-20T08:35:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/11\/cryptoslate-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Winklevoss Brothers File Patent Detailing Innovative Cryptocurrency Storage System\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/winklevoss-brothers-file-patent-detailing-innovative-cryptocurrency-storage-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/winklevoss-brothers-file-patent-detailing-innovative-cryptocurrency-storage-system\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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An economics graduate from the University of Wolverhampton, he breathes financial markets and decentralized ideologies. When not writing, Shaurya works on his culinary skills, trades the big three cryptocurrencies, and surfs airplane blogs.","url":"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/81321"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=81321"}],"version-history":[{"count":12,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/81321\/revisions"}],"predecessor-version":[{"id":531179,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/81321\/revisions\/531179"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=81321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=81321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=81321"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=81321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}