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Topic: Handling user funds (Read 590 times)

hero member
Activity: 560
Merit: 506
I prefer Zakir over Muhammed when mentioning me!
May 21, 2015, 12:40:39 PM
#3
Sorry if this is the wrong subforum, I'm not quite sure which this belongs in.  Suppose I want to make a service that allows users to spend a crypto from their phones on a service that I provide.  The service uses user data sent from their phone (pictures, text, etc).

Can you please be more specific on how this service works? I didn't understand you correctly. I might be able to make my answer better if you can give more details.

This crypto does not have a lightwallet, implementing one is impossible,

Why is it "impossible"?

and the full wallet is too heavy for an android device to reasonably handle.

Right.

Is my only option to implement a server-side wallet service?

I don't know why implementing an SPV client is impossible. If that is true, then online wallet is your best choice if you know what you are doing. Else, I suggest you to create a block explorer and allow API requests. Then, you can create a simple app which uses this API. You can do that in four steps:

 • Fetch unspent.
 • Create raw transaction.
 • Sign raw transaction.
 • Push signed raw transaction.

If so, what are the best practices for handling client funds?  I'm thinking that I'd need to implement a server-side database with a record of funds owned by each account, and then distribute/use funds from the server wallet accordingly?

Any advice appreciated.

A ledger is important if you are creating an online wallet. You should backup this ledger and all private keys or wallet.dat either twice every 24 hours or when users create x addresses.

I highly recommend you not to keep everything in the hot wallet unless your security is good enough. I would also suggest to enable off-chain transactions but remember, this will make your part more complex.
sr. member
Activity: 253
Merit: 1413
DTCxNMC
May 20, 2015, 08:28:19 PM
#2
Nobody knows?  Really?   Huh
sr. member
Activity: 253
Merit: 1413
DTCxNMC
May 17, 2015, 05:34:44 AM
#1
Sorry if this is the wrong subforum, I'm not quite sure which this belongs in.  Suppose I want to make a service that allows users to spend a crypto from their phones on a service that I provide.  The service uses user data sent from their phone (pictures, text, etc).  This crypto does not have a lightwallet, implementing one is impossible, and the full wallet is too heavy for an android device to reasonably handle.  Is my only option to implement a server-side wallet service?  If so, what are the best practices for handling client funds?  I'm thinking that I'd need to implement a server-side database with a record of funds owned by each account, and then distribute/use funds from the server wallet accordingly?

Any advice appreciated.
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