Coinbase Seeks Patent for Bitcoin Private Key Security System

(CoinDesk) – Bitcoin and ether exchange startup Coinbase is seeking a patent for a security system for bitcoin private keys. According to an application published on Nov. 24 by the US Patent and Trademark Office (USPTO), Coinbase is aiming to patent a “security system forming part of a Bitcoin host computer.” Coinbase submitted the application in May of last year, with software engineers Andrew Alness and James Hudon listed as inventors.

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