Com2uS Platform Corporation (20240265374). Method For Providing Decentralized Wallet Service, Apparatus For Performing The Method, And Storage Medium For Storing Program To Execute The Method simplified abstract
Method For Providing Decentralized Wallet Service, Apparatus For Performing The Method, And Storage Medium For Storing Program To Execute The Method
Organization Name
Inventor(s)
Method For Providing Decentralized Wallet Service, Apparatus For Performing The Method, And Storage Medium For Storing Program To Execute The Method - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240265374 titled 'Method For Providing Decentralized Wallet Service, Apparatus For Performing The Method, And Storage Medium For Storing Program To Execute The Method
The present disclosure introduces a method to enhance the security of decentralized wallets by storing encrypted wallet-specific information using a wallet password, preventing the extortion of private keys or mnemonics.
- By providing a wallet service account capable of identity provider (IDP) login, general users can easily open and manage a wallet without blockchain knowledge, improving usability.
- A decentralized integrated wallet service through a web browser type wallet service client allows users to access the wallet service without installing a separate program, enhancing convenience.
- The techniques described increase the security of a wallet and prevent unauthorized access to sensitive information.
Potential Applications: - Secure storage and management of cryptocurrency assets - Simplified access to blockchain technology for non-technical users - Enhanced security measures for digital wallets
Problems Solved: - Prevents unauthorized access to private keys or mnemonics - Enhances the usability of decentralized wallets for a wider range of users - Provides convenient access to wallet services without the need for additional software installation
Benefits: - Improved security for cryptocurrency assets - Enhanced usability for non-technical users - Convenient access to wallet services through a web browser
Commercial Applications: Title: Enhanced Security and Usability for Decentralized Wallets This technology can be applied in cryptocurrency exchanges, digital wallet platforms, and blockchain-based financial services to provide secure and user-friendly wallet solutions.
Questions about the technology: 1. How does this technology improve the security of decentralized wallets? 2. What are the key features that make this wallet service more user-friendly?
Original Abstract Submitted
according to the present disclosure, by storing encrypted wallet-specific information using a wallet password, extortion of a private key or mnemonic in a conventional decentralized wallet is prevented, thereby enhancing security, by providing a wallet service account capable of identity provider (idp) login, general users who are not familiar with a blockchain are also allowed to conveniently open and manage a wallet, thereby enhancing usability, and by providing a decentralized integrated wallet service through the web browser type wallet service client, the user is allowed to use the wallet service at any time without installing a separate program, thereby enhancing convenience. the techniques described herein also increase security of a wallet.
