Buterin to Demand Court Challenge Against nChain Patent

Ethereum founder openly criticized the latest patent of the research company nChain and called for its annulment in court
27 June 2018   434

NChain, whose chief researcher Craig Wright had previously stated that he was the creator of Bitcoin Satoshi Nakamoto, while actively promoting Bitcoin Cash, received the latest patent in Europe for "invention in the field of digital security". This is reported by Bitcoinist.

This Deterministic Key Generation technique provides for improved secure communication between a pair of nodes or parties on a network, while being able to keep their private keys secret.

nChain Press Release

nChain is trying to create a set of tools on the blockchain to carry out cross-border transfers through the so-called "Internet transactions".

Wright's company continues to attract attention due to ambiguous marketing decisions. Last month, at a conference in Rwanda, Wright told the audience that "he has more money than the whole of their country."

This looks like they're trying to patent plain old public master key-based deterministic wallets, like what we had in 2013. Can't someone attack it in court with the obvious mountains of prior art?

Vitalik Buterin

Co-founder, Ethereum

In the past, Buterin repeatedly accused Wright of fraud.

Describing the possibilities for applying the present invention, nChain CEO Jimmy Nguyen said that their technology has been recognized by the Japanese technology conglomerate SBI.

MyEtherWallet to Roll Out MEW Connect

The application provides a secure login to user accounts
19 September 2018   135

Developers of the popular wallet MyEtherWallet presented the final version of the mobile application MEW Connect.

The application provides a secure login to user accounts. With MEW Connect, users do not need to enter a private key to open a wallet. Instead of using a private key, the introduction of which may pose a security risk, the user reads a special QR code.

Kosala Hemachandra, MyEtherWallet founder in talk with TechCrunch said that he he hopes beta users will comb through the code and help find issues with the app before its wider release.

The app is available for both iOs and Android. MyEtherWallet.com service is visited daily by about 600 thousand users.

Recall, the beta version of MEW Connect was introduced in July.