It sounds like they say 'create 100 accounts with 1 coin in it', then when you want to send, say, 23 coins, you give the recipient the private keys to 23 of those accounts.
Which 1) only works if you trust the sender or 2) immediately transfer the funds out in which case you're still rate limited by the root chain.
> or 2) immediately transfer the funds out in which case you're still rate limited by the root chain.
That's in there.
> 12. The method of claim 11, further comprising: performing, by the first user device, a respective virtual currency transaction using each of the plurality of decrypted third user secondary wallet private keys to transfer the association of predefined amounts of the virtual currency associated with respective third user secondary wallets to the first user primary wallet.
So I'm not sure how this is supposed to "expedite" anything.
It isn't completely irredeemable in a different context. Such as if the network supported expedited operations for things. Imagine if Ethereum had a built-in or special smart contract that was a wallet contract. It has an owner that is just some address (another contract or desktop wallet). If Ethereum expedited changing ownership (where ownership changes are signed messages of the current owner so there is no trust involved), then the idea works.
Edit: wait, no, that shouldn't be much faster, if at all. Still need to get it in a block and, IIRC, Ethereum is account based so this is basically how transfers already work, just using arithmetic...
Which 1) only works if you trust the sender or 2) immediately transfer the funds out in which case you're still rate limited by the root chain.