Saturday, May 02, 2015

BitGo Accused of Seeking Patent of Bitcoin Multisig Technology

Bitcoin wallet company BitGo, Inc. is currently alleged to be making attempts to patent the Bitcoin multisig technology.

The San Francisco based company had submitted a patent request to the United States Patent and Trademark Office (USPTO) on February 4th last year, a document of which was published yesterday, on April 30th 2015. The document reveals BitGo’s application in which it is seeking a patent for a network device that is “configured to receive public keys, over an electronic network, of two or more second public-private keys,” something that is reportedly identical to the multisig functionality.

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