The present invention relates to a device and method for storing a seed phrase, and more particularly, the present invention relates to a device and method for backing up a seed phrase that allows access to a cryptocurrency wallet.
Crypto wallet, also known as a cryptocurrency wallet, stores cryptographic keys that track the ownership and transactions in cryptocurrency. Most of the known Crypto wallets are secured through cryptographic keys, wherein the wallets can generate a seed phrase, seed recovery phrase, or backup seed phrase to recover the key associated with the wallet. The seed phrase includes a list of words through which the wallet can create all the public and private keys. The wallet generates the recovery seed phrase for the user's record. The seed phrase is like a key to the wallet and must be safely stored by a user. When the user installs the wallet again, the seed phrase is needed for gaining access to the cryptocurrency.
Thus, safe, and secure storage of the seed phrase is important. Users generally write the seed phrase on paper which can be easily lost or spoiled. Similarly, storing the seed phrase on electronic memory, such as computer memory or removable storage may not be safe because of risks of hacking or hardware failure. Many people lost their hard-earned money in the form of cryptocurrency because they forgot the password or loses the seed phrase. Thus, considering the rise in popularity of the cryptocurrency, a desire is there for a safe and secure back-up of the seed phrase.
The accompanying figures, which are incorporated herein, form part of the specification and illustrate embodiments of the present invention. Together with the description, the figures further explain the principles of the present invention and to enable a person skilled in the relevant arts to make and use the invention.
Subject matter will now be described more fully hereinafter with reference to the accompanying drawings, which form a part hereof, and which show, by way of illustration, specific exemplary embodiments. Subject matter may, however, be embodied in a variety of different forms and, therefore, covered or claimed subject matter is intended to be construed as not being limited to any exemplary embodiments set forth herein; exemplary embodiments are provided merely to be illustrative. Likewise, a reasonably broad scope for claimed or covered subject matter is intended. Among other things, for example, the subject matter may be embodied as methods, devices, components, or systems. The following detailed description is, therefore, not intended to be taken in a limiting sense.
The word “exemplary” is used herein to mean “serving as an example, instance, or illustration.” Any embodiment described herein as “exemplary” is not necessarily to be construed as preferred or advantageous over other embodiments. Likewise, the term “embodiments of the present invention” does not require that all embodiments of the invention include the discussed feature, advantage, or mode of operation.
The terminology used herein is for the purpose of describing particular embodiments only and is not intended to be limiting of embodiments of the invention. As used herein, the singular forms “a”, “an” and “the” are intended to include the plural forms as well, unless the context clearly indicates otherwise. It will be further understood that the terms “comprise”, “comprising,”, “includes” and/or “including”, when used herein, specify the presence of stated features, integers, steps, operations, elements, and/or components, but do not preclude the presence or addition of one or more other features, integers, steps, operations, elements, components, and/or groups thereof.
The following detailed description includes the best currently contemplated mode or modes of carrying out exemplary embodiments of the invention. The description is not to be taken in a limiting sense but is made merely for the purpose of illustrating the general principles of the invention, since the scope of the invention will be best defined by the allowed claims of any resulting patent.
Disclosed is a device for safely and securely storing a seed phrase of a crypto wallet or like cryptographic services. Currently, the known crypto wallets produce the seed phrase having about 12-24 words, however, any number of words are within the scope of the present invention. The disclosed device is compact that can be easily concealed and securely stored. Moreover, the device does not degenerate with time, is fireproof and corrosion resistant.
Referring to
Each plate of the device can be made of a metal, such as stainless steel or titanium that is of high-strength and corrosion-resistant. The data encoded on the disclosed grid plates made of metal becomes permanent and perpetual. Any metal or alloy that is both of high strength and corrosion-resistant can be used without departing from the scope of the present invention. The two cover plates i.e., the front plate and the rear plate protect the inner grid plates which have the encoded seed phrase.
Referring to
Each column in the grid represents a word/BIP39 number in order. The front face 132 is having six columns for six words in order. The rear face 134, shown in
In one aspect, disclosed is a kit and method of use thereof. The kit can include the above device 100, a punch tool, template sheets, and a BIP39 word list. The punch tool can be a pen-shaped tool having a sharp pointer. The pointer of the punch tool can be pressed against the surface of the grid plate, cutting away a thin layer of metal, creating a grove. The sharp pointer can create a contrasting grove in a cell of the grid.
An exemplary embodiment of the template sheet is shown in
Also, disclosed is a kit and method of use thereof in encoding the seed phrase on the disclosed device. First, the seed phrase can be generated, from a standard word list or algorithm. The seed phrase can optionally be verified to ensure that the words are correct. The words can be written on the provided template sheets, as shown in
It is to be understood that the Figures show a device and method for encoding a seed phrase related to a cryptocurrency, however, any information that can be represented in numeral codes can be encoded on the disclosed device. Also, the device can be modified for encoding alphanumeric codes, such as passwords. Additionally, the plates can be separated and stored separately, so that the complete seed phare cannot be stolen. Additional cover plates and rivets can be provided in the kit for storing the grid plates separately. Also,
Referring to
While the foregoing written description of the invention enables one of ordinary skill to make and use what is considered presently to be the best mode thereof, those of ordinary skill will understand and appreciate the existence of variations, combinations, and equivalents of the specific embodiment, method, and examples herein. The invention should therefore not be limited by the above-described embodiment, method, and examples, but by all embodiments and methods within the scope and spirit of the invention as claimed.
Number | Name | Date | Kind |
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20180083932 | Adams | Mar 2018 | A1 |
20190280864 | Cheng | Sep 2019 | A1 |
20190362340 | Strong | Nov 2019 | A1 |
20200076592 | Kong | Mar 2020 | A1 |
20200234296 | Vanham | Jul 2020 | A1 |
20200389306 | Dolan | Dec 2020 | A1 |
20210409213 | Lu | Dec 2021 | A1 |
Number | Date | Country |
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201821037878 | Nov 2018 | IN |
WO-2020110077 | Jun 2020 | WO |
Entry |
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“Amazon.com Keystone Indestructible Steel Crypto Cold Storage Seed Backup, pp. 3-7, 2019.” (Year: 2019). |
Number | Date | Country | |
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20210194687 A1 | Jun 2021 | US |