Topic: The newly released Coinbase patent is designed to protect a way to make bitcoin (Read 79 times)
August 24, 2018, 05:09:01 PM
That's a great news. The new coinbase patent claims to secure Bitcoin exchange more secure and protected. The payment portal will allow the customers to pay Bitcoin direction from the wallets. This new patent increase the security of Bitcoin exchange.
August 24, 2018, 04:45:38 PM
This is a bit of a worry though. The users do struggle a lot with remembering their privte key number and they are torn wthether they should give it to someone as a backup or not. Finding a solution regarding this is very important now, for the sake of the wallet users atleast, so that they will have some added measure of safety as well.
August 24, 2018, 04:10:32 PM
This is definitely a great news. Coinbase has been working on the patent for so long and now that it is going to implement it, it will give Coinbase a competitive advantage that will make them take over their competitors in no time. Afterall, the Bitcoin owners who wants to exchange will always look for security first.
August 24, 2018, 03:30:25 PM
The security of the existing exchanges in the market has been a point of concern for all the crypto lovers who were skeptical about the foolproof system of exchange platforms. Issuing Coinbase's patented API key will definitely solve the problem to greater extent. Hopefully, this will revive the dying interest among a lot of crypto investors.
August 24, 2018, 02:07:00 PM
Any invention that helps with goodwill of customers should be received very well by the crypto community. Security issues have been raising concerns over the crypto market since a lot of hacking and scams were reported related to various exchange platforms. Coinbase's new invention of upgrading the security of wallet and transaction looks very solid and have the promise to solve problems regarding stolen cryptos.
August 23, 2018, 11:53:27 AM
well thank you for the information, as you mention in your comments that it is newly released then I think you also understand that we still need more time to have information about this we don't have much detail information about this topic
August 16, 2018, 11:34:44 PM
According to the patent, "For users, the private key of their bitcoin address may be stolen from their wallet, which may be a security issue." "The existing system does not provide a solution to maintain private key security." While still allowing users to checkout on the merchant page and pay with their wallet."
https://www.coindesk.com/coinbase-wins-patent-for-secure-bitcoin-payments-system/
https://www.coindesk.com/coinbase-wins-patent-for-secure-bitcoin-payments-system/
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