“Alcatel-Lucent filed for Patent Application WO2013127713 A1 ‘Decentralized Electronic Transfer System’ with the World Intellectual Property Organization (WIPO). The essence of the patent is a system whereby a decentralized currency such as Bitcoin is stored in a secure environment known as a Vault (i.e. secured repository) and a smaller unsecured portion of funds are stored in an unsecured Wallet (i.e. unsecure repository). An unsecured wallet would be on a mobile phone for example. Funds are doled out from the secure vault to the less secure wallet to provide the wallet holder with less cumbersome and frictionless experience when spending bitcoin in day to day transactions.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Sequestration Math
ExxonMobil Hopes You’ve Forgotten About Mayflower, Arkansas
Pentagon prepares military operation in Mali
Who's 'the Harvey Weinstein of' Sex Work? The Police
Massachusetts Snatches Child Over Psychiatric Treatment Disagreement
Silver found to be key weapon in fight against antibiotics resistance
Bolton Opposed To Both Syria Resolution And Obama Seeking Congress Approval
Twitter Suspends GOP Candidate For Tweeting About Rival
Oklahoma Passes Most Progressive Medical Marijuana Initiative Since California’s Prop 215
Jim Rickards: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke
Why an Arms Control Pact Has Security Experts Up in Arms
Homeland Security Using Video Games to Recruit Top Students as Cyber Warriors
The Airlines Work for Uncle Sam
Brazilian docs fool biometric scanners with bag full of fake fingers
Federal Court: Government Doesn't Need a Reason to Ban Competition