US Patent Issued to Coinbase on April 15 for "Systems and methods for requesting secure, encrypted communications across distributed computer networks for authorizing use of cryptography-based digital repositories in order to perform blockchain operations in decentralized applications" (California, Illinois Inventors)

ALEXANDRIA, Va., June 5 -- United States Patent no. 12,277,550, issued on April 15, was assigned to Coinbase Inc. (Oakland, Calif.).

"Systems and methods for requesting secure, encrypted communications across distributed computer networks for authorizing use of cryptography-based digital repositories in order to perform blockchain operations in decentralized applications" was invented by Adam Everspaugh (Evanston, Ill.) and Michael Lodder (San Francisco).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and systems for the use of multi-party computation ("MPC") key systems that involve the use of multiple parties, each of which hold respective private data that may be used to evaluate a computation witho...