US Patent Issued on Sept. 1 for "Method and apparatus for bookkeeping, owning and transferring digitally locked coins" (California Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,153, issued on Sept. 1.

"Method and apparatus for bookkeeping, owning and transferring digitally locked coins" was invented by Darrion Vinh Nguyen (Milpitas, Calif.), Anthony Justin Nguyen (Milpitas, Calif.), Cynthia Katherine Nguyen (Milpitas, Calif.) and Khanh Nguyen (Milpitas, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Bookkeeping, owning, and transferring digital coins using public-key cryptography. An exemplary digital coin payment system utilizes digitally locked coins that can be owned and transferred anonymously without the need for any owner account. Coin owners pay coins by using the digital keys of the coins to sign pay-to-the-...