The research company Nchain, which recently received a patent for an “invention in the field of digital security”, may lose it in court. In any case, the founder of Ethereum Vitalik Buterin called for this.
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In his opinion, the technology of deterministic key generation described in the patent copies the model of invented in 2013 deterministic wallets based on public keys.
nChain granted 2nd European patent for BCH
DETERMINISTIC KEY GENERATION-prevent Mt Gox type hacks on exchanges/wallets. SBI is using this. Handcash will too.1) News: https://t.co/aFX81tbHF6
2) Patent: https://t.co/8cH9dgXFQC …
3) https://t.co/UzEQte3lcS
Thx @crypto_daze pic.twitter.com/XGkTSkmS67
— Marianne Jett (@TweetyBirdbrain) June 26, 2018
The developers themselves note that the set of block-tools created by them will not only provide reliable protection of private keys, but will also allow cross-border transfers through the so-called “Internet transactions”.
We add that the technology has already been recognized by the Japanese technological conglomerate SBI.
Recall that in April Vitalik Buterin and Craig Wright, who occupies the post of chief researcher in nChain, grappled with a Twitter-squabble due to the Bitcoin Cash promotional presentation. Then Buterin called Wright “a nuts scam .”
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