ATMTA, Inc. (20240232870). DYNAMIC WALLET ARCHITECTURE FOR DECENTRALIZED APPLICATIONS simplified abstract
Contents
DYNAMIC WALLET ARCHITECTURE FOR DECENTRALIZED APPLICATIONS
Organization Name
Inventor(s)
Michael Cain of Encino CA (US)
Jacob A. Floyd of Peyton CO (US)
Csaba Madar of Targu Secuiesc (RO)
Pablo I. Quiroga of Miami FL (US)
Harrison J. Whitaker of Los Angeles CA (US)
DYNAMIC WALLET ARCHITECTURE FOR DECENTRALIZED APPLICATIONS - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240232870 titled 'DYNAMIC WALLET ARCHITECTURE FOR DECENTRALIZED APPLICATIONS
Simplified Explanation: The patent application discloses techniques for automatic interaction with a decentralized application related to a blockchain using a hot wallet, without the need for user intervention.
- Enabling automatic interaction with a decentralized application on a blockchain
- Associating a hot wallet with the decentralized application
- Performing automatic interactions using the hot wallet, such as signing transactions
- Disabling automatic interaction by disassociating the hot wallet from the application
Potential Applications: 1. Cryptocurrency transactions 2. Smart contracts 3. Decentralized finance (DeFi) platforms
Problems Solved: 1. Streamlining blockchain transactions 2. Enhancing security by reducing manual intervention 3. Improving efficiency in decentralized applications
Benefits: 1. Increased automation in blockchain operations 2. Enhanced security through automatic transaction signing 3. Improved user experience in decentralized applications
Commercial Applications: Automated blockchain transactions with hot wallets can benefit cryptocurrency exchanges, DeFi platforms, and any application utilizing blockchain technology.
Questions about Decentralized Applications: 1. How does automatic interaction with a hot wallet improve the user experience in decentralized applications? 2. What are the security implications of using a hot wallet for automatic transactions in blockchain applications?
Frequently Updated Research: Stay updated on advancements in blockchain technology, decentralized applications, and hot wallet security to ensure the most current information on this innovation.
Original Abstract Submitted
techniques relating to a decentralized application are disclosed. the techniques include enabling automatic interaction with a decentralized application relating to a blockchain, including associating a hot wallet with the decentralized application. the techniques further include performing an automatic interaction with the decentralized application using the hot wallet, including automatically signing a transaction for the blockchain using the hot wallet without associated interaction by a user of the decentralized application. the techniques further include disabling automatic interaction with the blockchain for the decentralized application including disassociating the hot wallet with the decentralized application.
