Looks interesting, I have a few questions for now.
1. Will B2BX tokens be necessary to use your services, or is it possible to use your exchange without them?
2. Multi-sig wallets have a tendency to be hacked. How will you ensure this does not happen?
3. How will you ensure the security of the web wallet given that you have a copy of my private key? How will you store it, and who will have access to it? Do I need this specific private key to use your exchange, or can I create a new one?
4. Will there be any additional security measures in place on the exchange, like 2FA for example?
Thanks.
1. Will B2BX tokens be necessary to use your services, or is it possible to use your exchange without them?
-Of course, you can use the exchange without them.
- You can trade them on the exchange and the aggregated exchanges.
- and You can buy our real brokerage products with tokens.
2.Multi-sig wallets have a tendency to be hacked. How will you ensure this does not happen?
- most importantly, we have hot and cold wallets separated.
- Hot wallets always kept a very minimal amount of money
- Tokens are stored in a cold wallet and transferred to a hot one, in which they are distributed among ICO participants.
- We have a certain limit of tokens which can be stored in hot wallets, so, when it is reached, we physically send Tokens from cold wallet to hot.
- Second question - How do we ensure the security of our wallets?
- we have 6 blockchain nodes (bitcoin, bitcoin cash, litecoin, ethereum, dash, monero)
- we receive money to hot wallets and send them immediately to cold wallets, which generally located on the different computer and fully protected
3. How will you ensure the security of the web wallet given that you have a copy of my private key? How will you store it, and who will have access to it? Do I need this specific private key to use your exchange, or can I create a new one?
- we have a very important feature of our wallet is that we went along the way as the "blocking info"- when the ico participant register in our ICO webwallet, he/she receives the application to create own web wallet. In short words, the participant creates SID phrase (from 8 to 18 words). After that, the participant receives an encrypted key for this wallet, which He/She HAS TO save on the computer (we do not store this information, only you have access to the own wallet ). This wallet appears in etherium blockchain, practically it is real etherium wallet.
- we achieve max security due to the fact that no one except the web wallet creator does not have access to it as private keys are stored locally on his/her computer.
-Do I need this specific private key to use your exchange, or can I create a new one? - this question is not entirely clear for me, can you explain?
4. Will there be any additional security measures in place on the exchange, like 2FA for example?
- yes, we will have it, I will specify on this question later on.