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05.04.2020

Patent CloudCoin

Patent has been approved. CloudCoin this is a revolutionary currency that will dominate all other currencies because of its simplicity, efficiency and its ability to meet every goal that you would want from a monetary system.



Method of Authenticating and Exchanging Virtual Currency
Abstract

A method of authenticating and exchanging virtual currency is used to permit secure ownership of virtual currency and manage financial transactions. The method is performed by a system that includes a user computing device and plurality of remote servers. The user computing device stores an unverified certificate which is used as currency. The plurality of remote servers is used to authenticate the unverified certificate and aid in transferring ownership of the unverified certificate. To do so, each remote server executes an authentication process for the unverified certificate and sends either a pass status or a fail status to the user computing device. The user computing device executes an assessment process for the unverified certificate based on the pass statuses and fail statuses received. Authentication information related to the unverified certificate is then updated on the user computing device and each remote server that returned the pass status.
US20170372277A1
United States
Inventor Sean H. Worthington
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