“IOTA partner Bosch has filed a patent regarding, “Method and device for operating a digital payment system,” which also includes a device, a computer program, and a storage medium.
The application relates to an electronic method for cryptographically secure transfers of cryptocurrency. It also includes a wallet program for implementing a client node of the cryptocurrency and a central root certification authority to serve as evidence for the authority of the public server key and the authorization of the transaction server.
Leveraging IOTA’s Tangle
The German multinational engineering and technology company further mentions in its application that this invention will be based on the distributed database “Tangle,” which forms the core of the cryptocurrency IOTA.
IOTA’s protocol Tangle is different from blockchain in the way that it…”