Graduated from:
- Duke University (USA)
Years Active: 2020
Title: Fred E Ehrsam: Innovator in Bitcoin Wallet Technology
Introduction
Fred E Ehrsam is a prominent inventor located in San Francisco, California. He is known for his innovative contributions to the world of cryptocurrency, specifically in the area of secure transaction methods for Bitcoin.
Latest Patents
Ehrsam holds a patent for a "Hot Wallet for Holding Bitcoin." This groundbreaking system and method describe a way to conduct Bitcoin transactions seamlessly. With this technology, Bitcoin can be sent to an email address without incurring a miner's fee through a host computer system. The hot wallet functionality ensures that values from some Bitcoin addresses can be securely transferred to a vault. Notably, the system enhances security by splitting and distributing the private key of the Bitcoin address associated with the vault. The invention also features an instant exchange capability, allowing merchants and customers to lock in a local currency price. The vault can accommodate multiple email addresses for authorizing Bitcoin transfers, and users have the flexibility to store private keys in locations that they control. Additionally, a tip button is integrated to reward content creators, while a Bitcoin exchange enables users to set buy or sell prices for Bitcoin trades.
Career Highlights
Currently, Fred E Ehrsam is affiliated with Coinbase, Inc., a leading player in the cryptocurrency market. His invention and contributions have marked significant advancements in simplifying Bitcoin transactions and enhancing security measures.
Collaborations
Throughout his career, Ehrsam has collaborated with notable colleagues such as Julian Langschaedel and Brian D Armstrong. Their collective efforts in the cryptocurrency industry have helped shape the future of digital currency transactions.
Conclusion
Fred E Ehrsam's innovative work has made a considerable impact on the Bitcoin ecosystem. His patent for the hot wallet exemplifies his dedication to improving security and usability in cryptocurrency transactions. As technology evolves, his contributions continue to inspire advancements within the financial technology landscape.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.