Bitcoin was tweaked and modified countless times; some 2000 coins follow the Bitcoin Legacy of algorithmic singularity (if it fails the currency collapses). Curing this risk, one establishes a protocol based on algorithmic plurality that keeps evolving.
Inspired by Darwinian evolution a BitMint*LeVeL coin thrives on mathematical mutations, keeping it ahead of its predators. The more it trades, the stronger its security.
Even more remarkable is the fact that BitMint*LeVeL can be used with both centralized currency (legacy money) and decentralized currency (e.g. Bitcoin). The LeVeL protocol detects counterfeits and prevents double spending of the underlying entity of community value, be it the US Dollar, or be it Bitcoin.
BitMint*LeVeL is adaptable to connectivity failures, IOT payment, and cross-border transactions.
BitMint technology is a smooth evolution of the prevailing representation of money. Acknowledged and used by major financial institutions.
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US PATENT: 10,467,522:
ROCK OF RANDOMNESS
This patent established a firm material base for minted digital money. Digital money which does not hinge on a material foundation is inherently vulnerable to a thief who happens to be smarter than expected. At BitMint we believe that the seriousness of central bank digital money requires it to be stationed on non-digital expression of data. We invented the Rock of Randomness that is designed to insure that under no circumstances will hackers who secured access to your computers be in a position to undermine your entire currency. As long as the physical rock is securely in your possession so is your money. The Rock of Randomness was developed to be used in conjunction with BitMint digital money, but it will serve any other form of digital money.
US PATENT 10,956,878:
MINTING AND USE OF DIGITAL MONEY
This patent describes the basic form of the BitMint digital language: identity fused with value. It represents cash in a splittable form. It is simple enough to be used for special purpose money, loyalty money, automatic payments like parking, road access, as well as for quick secure Internet payments, utility payments, and automatic transactions through the Internet of Things.
US PATENT 11,107,156:
DIGITAL FINANCE: CASH, CREDIT, AND INVESTMENT INSTRUMENTS
IN A UNIFIED FRAMEWORK (BITMINT)
The BitMint digital money flagship patent: specifying the methodology for the BitMint financial language, how to express money in all its forms: cash, credit, debit, investment instruments. How to store and transact money securely and efficiently. This BitMint money offers full privacy for ordinary payors and payee, while providing means to enforce court orders on suspicious transfer of money. This patent specifies a cascaded format to track any financial complexity in a mathematically simplified form, amenable to computer manipulation, ready for conditional payments and for means to extract greater social impact from the national currency.
US PATENT 11,062,279:
HARD WALLET: A NEW TRUST BASIS FOR DIGITAL PAYMENT
This patent creates a new basis for payment trust. When we pay with banknotes we trust the money, when we pay with credit card, or with peer validated system, we trust the payor. With this invention a third option becomes available: trusting the wallet. The physical wallet commands trust because its identity can be ascertained through billions of measurements and physical properties -- the ultimate way to ascertain physical identity. This identification technology is applied to the payment device, which then passes its trusted validity to the payment bits that emerge from it. This hard wallet gains the trust of the payee without having to connect real time to the internet. It therefore allows for digital payment without global connectivity. And by having one such trusted wallet pass money to another trusted wallet, then the trust of the original wallet is passed along to the second wallet, and from there to the third, etc. All together a society holding such trusted hard wallets will conduct payment cash like even with persistent lack of global connectivity. In other words, this invention will keep payment continuity while the Internet is down, and do so indefinitely. The hard wallet will confer its trust to the money inside and to the software inside. The wallet can be secured to its owner via a bio port. The hard wallet works with BitMint digital coins as well as with other than BitMint digital coins. It provides the ultimate solution to the paramount requirement of payment continuity under all conditions.
US PATENT 9,471,906:
DIGITAL TRANSACTIONAL PROCEDURES AND IMPLEMENTS
This patent is a simplified version of the hard wallet. It is a physical coin commanding trust through the integrity of its shell, designed to be so brittle that any attempt to tamper with it will cause it to shutter to hundreds of small pieces. And therefore if handed over in one smooth piece, the shell is to be regarded as untampered with. And if the shell is trusted, then the payee will trust that inside the shell there is a memory (microSD) containing digital money in the denominated amount of the coin. As long as the shell is kept intact the coin will be passed around like a regular coin. When the shell if broken the digital money therein is uploaded and used. This simple payment solution can be used for store gifts, loyalty money, goodwill money etc.
US PATENT 8,229,859:
BIT CURRENCY: TRANSACTIONAL TRUST TOOLS
This original patent contains the foundation of the BitMint vision. It features an important novelty: delegation of authority to authenticate a transaction. The patented methodology will allow a central authentication authority to delegate that authority to subordinate centers, who could further delegate the authority below them, creating a vast hierarchical network to efficiently serve the trading public. While the authenticated money is envisioned to be BitMint money, this is not a requirement. Delegation of authority to authenticate transactions can be applied to a wide range of digital money solutions. By applying it one resolves the vulnerability of dependence on a single all-knowing database. This patent creates the power to trickle down authentication power without exposing the original database to the delegated stations.
US PATENT 10,965,460:
ROBUST SECURITY TECHNOLOGY FOR COUPONS
This patent extends the BitMint financial language to store money and loyalty cash, leveraging the power of stores to use their current customers as recruiters for future customers. This very efficient way to grow one's business is carried out via cryptographic means applied on the BitMint coin which has not only a value but also an identity -- making it trackable, and guidable. A host of new imaginative ways to grow one's business are being developed on the basis of this fundamental patent.