Pe3q technologies, inc. (20240378593). SYSTEMS AND METHODS FOR LINKING BLOCKCHAIN WALLETS VIA ENTANGLED PARITY-TOKENS simplified abstract
Contents
SYSTEMS AND METHODS FOR LINKING BLOCKCHAIN WALLETS VIA ENTANGLED PARITY-TOKENS
Organization Name
Inventor(s)
Ted Campos of Las Vegas NV (US)
Brian Kip of Las Vegas NV (US)
SYSTEMS AND METHODS FOR LINKING BLOCKCHAIN WALLETS VIA ENTANGLED PARITY-TOKENS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240378593 titled 'SYSTEMS AND METHODS FOR LINKING BLOCKCHAIN WALLETS VIA ENTANGLED PARITY-TOKENS
The abstract describes a method for verifying contents of multiple wallets in a blockchain network by linking the wallets through entangled parity-tokens. The method involves querying blockchain data based on parity-token identifiers, minting a plurality of parity-tokens to a first wallet, transferring these tokens to a second wallet, and returning one token back to the first wallet.
- The method verifies contents of multiple wallets in a blockchain network.
- It uses entangled parity-tokens to link the wallets.
- Transactions are identified based on parity-token identifiers.
- Plurality of parity-tokens are minted to a first wallet and transferred to a second wallet.
- One token is returned to the first wallet while another is retained in the second wallet.
- The second wallet's contents are verified using its address.
Potential Applications: - Secure verification of wallet contents in blockchain networks. - Enhanced transparency and traceability of transactions. - Improved security in cryptocurrency exchanges.
Problems Solved: - Ensures the integrity of wallet contents. - Facilitates secure transfer of assets between wallets. - Reduces the risk of fraudulent transactions.
Benefits: - Increased trust in blockchain transactions. - Enhanced security for cryptocurrency holders. - Streamlined verification process for wallet contents.
Commercial Applications: Title: Secure Wallet Verification Technology for Blockchain Networks This technology can be utilized by cryptocurrency exchanges, financial institutions, and blockchain developers to enhance the security and transparency of transactions. It can also be integrated into digital asset management platforms to provide users with a reliable method for verifying their wallet contents.
Prior Art: Readers can explore prior research on blockchain security, wallet verification methods, and token-based authentication systems to gain a deeper understanding of the innovative aspects of this technology.
Frequently Updated Research: Researchers are constantly exploring new methods for enhancing blockchain security and improving transaction verification processes. Stay updated on the latest advancements in blockchain technology to leverage the full potential of this innovative solution.
Questions about Secure Wallet Verification Technology for Blockchain Networks: 1. How does this technology improve the security of blockchain transactions? 2. What are the potential implications of this technology for cryptocurrency exchanges and financial institutions?
Original Abstract Submitted
embodiments of a method for verifying contents of multiple wallets in a blockchain network through linking the wallets via entangled parity-tokens is provided. the method comprises querying blockchain data based on parity-token identifiers to identify transactions minting a plurality of parity-tokens to a first wallet having the first wallet address, transferring the plurality of parity-tokens from the first wallet address to a second wallet having the second wallet address, and returning one of the plurality of parity-tokens from the second wallet address to the first wallet address, retaining another one of the plurality of parity-tokens in the second wallet address. responsive to at least identifying the transactions, the method further comprises verifying contents in the second wallet using the second wallet address.
