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US Patent 11943350 Systems and methods for re-using cold storage keys

Patent 11943350 was granted and assigned to Coinbase on March, 2024 by the United States Patent and Trademark Office.

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Contents

Is a
Patent
Patent
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Patent attributes

Patent Applicant
Coinbase
Coinbase
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Current Assignee
Coinbase
Coinbase
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Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
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Patent Number
119433500
Patent Inventor Names
Yolanda Liu0
Alan Leung0
Jeremy Suurkivi0
Zachary Blacher0
Ryan Sears0
Date of Patent
March 26, 2024
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Patent Application Number
170723950
Date Filed
October 16, 2020
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Patent Citations
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US Patent 7689500 System and method for facilitating trading in an electronic market
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US Patent 6952683 System and method for hedging against foreign exchange risk associated with securities transactions
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US Patent 6959394 Splitting knowledge of a password
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US Patent 7644037 Method and system for transferring electronic funds
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US Patent 10354325 Computer-generated graphical user interface
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US Patent 10469309 Management of computing system alerts
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US Patent 10586057 Processing data queries in a logically sharded data store
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US Patent 10733291 Bi-directional communication protocol based device security
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...
Patent Primary Examiner
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Shin-Hon (Eric) Chen
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Patent abstract

In certain embodiments, the use of re-usable cold storage keys to sign messages may be facilitated. In some embodiments, an offline computer system (operating within an offline computing environment) may obtain, from a removable computer-readable storage medium, signing key shards corresponding to a signing private key and a blockchain transaction to be signed, where the signing key shards satisfy a key shard threshold that is (i) a number of key shards required for reconstructing the signing private key and (ii) less than a number of key shards derived from the signing private key using a ceremony key. The offline computer system may form a ciphertext of the signing private key using the signing key shards and reconstruct the signing private key by decrypting the ciphertext using the ceremony key. The offline computer system may sign the blockchain transaction using the signing private key.

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