2key Network has acquired four patents, and each of them is a true technological advancement.
Most of the patents held by large tech companies are part of their PR strategy. While the typical patent, among the 5,000+ claimed by IBM each year, is vague and not a genuine technological advancement, we’ve patented four technologies that can push the blockchain sector forward, not for the sake of PR, but ensuring that builders can collectivize their efforts on one high-quality protocol; synergizing talent and effort is important. Our reasoning for patenting a decentralized technology is explained here.
Collectively, 2key’s patented technologies enable the creation of Smart Links and their security, while ensuring that DApps built upon the Protocol are accessible via any link. Additionally, the patents include technologies that allow 2key’s ecosystem to deliver necessary technologies in a first-ever decentralized manner.
We are going to offer a Patent Insight series to explain what our patents offer. This article takes a deeper dive into one of our patents.
Insight into 2key Patents
DECENTRALIZED PROTOCOL FOR MAINTAINING CRYPTOGRAPHICALLY PROVEN MULTI-PARTY-STATE-CHAINS UTILIZING AGGREGATED SIGNATURES
Filing: US62/879,592 | Date: 7/29/2019
Type: US provisional patent application
This patent is an advancement in cryptography and stems a new utility for the technology. It protects IP that aggregates Schnorr signatures to reduce the length of 2key-links and increase their security.
Any digital signature provides evidence of transaction ownership. Multisignatures, like Schnorr signatures, have the capacity to provide transaction ownership even if there are multiple transaction or wallet owners. Schnorr signatures, in particular, offer added advantages of efficiency, partly sourced from their small 64-byte size.
This patent involves technology that will allow 2key to shorten links without relying on a centralized service.
In order to deliver a truly decentralized ecosystem that is desirable, it’s imperative that the Protocol integrates high-demand service provisions, but these mustn’t be from centralized sources. Due to the nascent stage of the Web 3.0, the decision to maintain complete decentralization often means creating new technological solutions from scratch.
In order to aid referrals and boost usage of and participation in the Global Referral Network, compressing link data to create shortened links, through decentralized measures, is an important part of 2key Network; other DApps developed on 2key Protocol will have the capacity to utilize this technology too.
This is the eighth article in 2key’s 1-Month of Content.
Article 1: 2key in 150- and 300-Word Descriptions
Article 2: 2KEY Token Economy Explained
Article 6: $3,000 2KEY Competition: Make Your Token and Tell the World!
We invite you to have a firsthand experience of our breakthrough solution — Smart Links — on our testnet (https://test.2key.io/); you can be the pioneering drive in the first feasible solution in the scramble to decentralize the web.
