The United States Patent and Trademark Office has granted hardware wallet provider Tangem a patent for its private key backup technology, which eliminates the need for traditional seed phrases in cryptocurrency wallets.
The system allows secure key transfers between hardware wallets without relying on an intermediary, addressing a long-standing issue in self-custody security.
The technology enables users to create encrypted backups of their private keys on additional Tangem devices, ensuring recovery without exposing sensitive …
Full story available on Benzinga.com