Patent US10127552

Cryptocurrency aggregation system
[+] Show Details

US10127552

1. A system comprising: (6) (2)

a memory operable to: store a customer account associated with a customer;

store an enterprise account associated with an enterprise; and

a processor communicatively coupled to the memory, the memory including executable instructions that upon execution by the processor cause the system to: receive a first request to deposit a first amount of a cryptocurrency in the customer account and store a private key associated with the customer account from the customer;

determine a public key associated with the customer account;

receive, based at least in part upon the first request and the public key, the first amount of the cryptocurrency;

determine a first value approximately equivalent to the first amount of cryptocurrency;

associate the first value with the customer account;

aggregate the first amount of the cryptocurrency with an aggregated amount of the cryptocurrency in the enterprise account;

secure the public key in the enterprise account; and

secure the private key, wherein securing the private key comprises: selecting a first hash function based on a first location of a first data center;

selecting a second hash function based on a second location of a second data center;

applying the first hash function to at least a portion of the private key to generate a first vault key, wherein applying the first hash function obfuscates the private key to generate the first vault key;

storing information associated with recovering the private key based on the first vault key;

applying the second hash function to at least a portion of the private key to generate a second vault key, wherein applying the second hash function obfuscates the private key to generate the second vault key;

storing information associated with recovering the private key based the second vault key;

storing the first vault key at the first data center; and

storing the second vault key at the second data center.

2. The system of claim 1, the memory further including executable instructions that upon execution cause the system to: (0) (4)

receive a second request to withdraw a second amount of the cryptocurrency from the customer account from the customer;

determine a second value approximately equivalent to the second amount of the cryptocurrency to the customer account;

withdraw the second amount of the cryptocurrency from the enterprise account; and

transfer the second amount of the cryptocurrency to the customer.

3. The system of claim 1, the memory further including executable instructions that upon execution cause the system to: (0) (1)

4. The system of claim 1, the memory further including executable instructions that upon execution cause the system to determine that the customer authorized the first request. (0)

5. The system of claim 1, wherein the customer account is associated with a cryptocurrency account. (0)

6. The system of claim 1, wherein: (0) (3)

7. The system of claim 1, wherein the first value is determined based at least in part upon a price associated with the cryptocurrency. (0)

8. A method comprising: (6) (10)

storing, using a processor, a customer account associated with a customer;

storing, using the processor, an enterprise account associated with an enterprise; and

receiving, at a network interface, a first request to deposit a first amount of a cryptocurrency in the customer account and store a private key associated with the customer account from the customer;

determining, by an aggregation engine implemented by the processor, a public key associated with the customer account;

receiving, at the network interface, based at least in part upon the first request and the public key, the first amount of the cryptocurrency;

determining, by the aggregation engine, a first value approximately equivalent to the first amount of cryptocurrency;

associating, by the aggregation engine, the first value with the customer account;

aggregating, by the aggregation engine, the first amount of the cryptocurrency with an aggregated amount of the cryptocurrency in the enterprise account;

securing, by a vault engine implemented by the processor, the public key in the enterprise account; and

securing, by the vault engine, the private key, wherein securing the private key comprises: selecting a first hash function based on a first location of a first data center;

selecting a second hash function based on a second location of a second data center;

storing information associated with recovering the private key based on the first vault key;

storing information associated with recovering the private key based on the second vault key;

storing, by the vault engine, the first vault key at the first data center; and

storing, by the vault engine, the second vault key at the second data center.

9. The method of claim 8, further comprising: (0) (4)

receiving, at the network interface, a second request to withdraw a second amount of the cryptocurrency from the customer account from the customer;

determining a second value approximately equivalent to the second amount of the cryptocurrency to the customer account;

withdrawing the second amount of the cryptocurrency from the enterprise account; and

transferring the second amount of the cryptocurrency to the customer.

10. The method of claim 8, further comprising: (0) (1)

11. The method of claim 8, further comprising determining that the customer authorized the first request. (0)

12. The method of claim 8, wherein the customer account is associated with a cryptocurrency account. (0)

13. The method of claim 8, wherein: (0) (2)

14. The method of claim 8, wherein the first value is determined based at least in part upon a price associated with the cryptocurrency. (0)

15. A server comprising: (5) (10)

a memory operable to: store a customer account associated with a customer;

store an enterprise account associated with an enterprise; and

a processor communicatively coupled to the memory, the memory including executable instructions that upon execution by the processor cause the system to:

receive a first request to deposit a first amount of a cryptocurrency in the customer account and store a private key associated with the customer account from the customer;

determine a public key associated with the customer account;

receive, based at least in part upon the first request and the public key, the first amount of the cryptocurrency;

determine a first value approximately equivalent to the first amount of cryptocurrency;

associate the first value with the customer account;

aggregate the first amount of the cryptocurrency with an aggregated amount of the cryptocurrency in the enterprise account;

secure the public key in the enterprise account; and

secure the private key, wherein securing the private key comprises: selecting a first hash function based on a first location of a first data center;

selecting a second hash function based on a second location of a second data center;

applying the first hash function to at least a portion of the private key to generate a first vault key, wherein applying the first has function obfuscates the private key to generate the first vault key;

storing information associated with recovering the private key based on the first vault key;

applying the second bash function to at least a portion of the private key to generate a second vault key, wherein applying the second hash function obfuscates the private key to generate the second vault key;

storing information associated with recovering the private key based on the second vault key;

storing the first vault key at the first data center; and

storing the second vault key at the second data center.

16. The server of claim 15, the memory further including executable instructions that upon execution cause the system to: (0) (4)

receive a second request to withdraw a second amount of the cryptocurrency from the customer account from the customer;

determine a second value approximately equivalent to the second amount of the cryptocurrency to the customer account;

withdraw the second amount of the cryptocurrency from the enterprise account; and

transfer the second amount of the cryptocurrency to the customer.

17. The server of claim 15, the memory further including executable instructions that upon execution cause the system to: (0) (1)

18. The server of claim 15, the memory further including executable instructions that upon execution cause the system to determine that the customer authorized the first request. (0)

19. The server of claim 15, wherein the customer account is associated with a cryptocurrency account. (0)

20. The server of claim 15, wherein: (0) (3)

View Abstract and Specification Size

PDF with Images and Document Face >

Full Text Publication >

Patent US10127552

Cryptocurrency aggregation system

Patent Matrix® Search