View source for SatSaver LLC (20240338699). CONFIGURING BLOCKCHAIN WALLET WITH SECURED SEED PHRASE simplified abstract

=CONFIGURING BLOCKCHAIN WALLET WITH SECURED SEED PHRASE=


==Organization Name==

[[:Category:SatSaver LLC|SatSaver LLC]]


[[Category:SatSaver LLC]]

==Inventor(s)==

[[:Category:Brian Fosse of Spearfish SD (US)|Brian Fosse of Spearfish SD (US)]][[Category:Brian Fosse of Spearfish SD (US)]]

[[:Category:John Lott of Wichita Falls TX (US)|John Lott of Wichita Falls TX (US)]][[Category:John Lott of Wichita Falls TX (US)]]

[[:Category:Daniel Herbert of Seattle WA (US)|Daniel Herbert of Seattle WA (US)]][[Category:Daniel Herbert of Seattle WA (US)]]

[[:Category:Zachary West of Seattle WA (US)|Zachary West of Seattle WA (US)]][[Category:Zachary West of Seattle WA (US)]]

[[:Category:Hedvig Maria Beetz Von Beetzen of Vashon WA (US)|Hedvig Maria Beetz Von Beetzen of Vashon WA (US)]][[Category:Hedvig Maria Beetz Von Beetzen of Vashon WA (US)]]

==CONFIGURING BLOCKCHAIN WALLET WITH SECURED SEED PHRASE - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240338699 titled 'CONFIGURING BLOCKCHAIN WALLET WITH SECURED SEED PHRASE

The patent application describes methods for configuring a blockchain wallet using a legitimate seed phrase and a pin word.

* Generating a legitimate seed phrase with a sequence of legitimate words.
* Identifying the starting position of a first word in the encrypted seed phrase based on a pin word.
* Determining the position of at least one decoy word within the encrypted seed phrase.
* Generating the encrypted seed phrase with the first word, decoy word, and legitimate words in a specific direction.
* Configuring a blockchain wallet based on the legitimate seed phrase to access cryptocurrency funds.

**Key Features and Innovation:**

- Use of a pin word to determine the starting position of a seed phrase.
- Inclusion of decoy words to enhance security.
- Configuration of a blockchain wallet based on the legitimate seed phrase.

**Potential Applications:**

- Enhancing the security of blockchain wallets.
- Simplifying the process of configuring a blockchain wallet.
- Protecting cryptocurrency funds from unauthorized access.

**Problems Solved:**

- Vulnerability of seed phrases to hacking.
- Difficulty in remembering complex seed phrases.
- Ensuring secure access to cryptocurrency funds.

**Benefits:**

- Improved security for blockchain wallets.
- Ease of use for individuals configuring wallets.
- Protection of cryptocurrency assets.

**Commercial Applications:**

Blockchain Wallet Security Enhancement: Implementing this technology can attract users concerned about the security of their cryptocurrency funds, potentially leading to increased adoption of blockchain wallets in the market.

**Questions about Blockchain Wallet Configuration:**

1. How does the use of decoy words enhance the security of the encrypted seed phrase?
   - Decoy words help to confuse potential attackers and make it harder for them to decipher the legitimate seed phrase.

2. What are the advantages of configuring a blockchain wallet based on a legitimate seed phrase?
   - Configuring a wallet with a legitimate seed phrase ensures secure access to cryptocurrency funds and simplifies the process for users.


==Original Abstract Submitted==

in general, various embodiments of the present invention provide methods, apparatuses, systems, computing devices, computing entities, and/or the like for configuring a blockchain wallet. various embodiments involve generating a legitimate seed phrase that comprises a sequence of legitimate words; identifying, based on a pin word, a starting position within an encrypted seed phrase of a first word found in a first position in the legitimate words, a position of at least one decoy word within the encrypted seed phrase, and a direction in which the legitimate words proceeds within the encrypted seed phrase; generating the encrypted seed phrase that comprises the first word in the starting position, the decoy word in the position, and the legitimate words proceeding in the direction to form a sequence of encrypted words; and configuring, based at least in part on the legitimate seed phrase, a blockchain wallet to access cryptocurrency funds for an individual.



[[Category:G06Q20/40]]
[[Category:G06Q20/36]]
[[Category:CPC_G06Q20/4012]]