Two of three keys.
3 keys, each stored privately with krypton, trader an an isolated server held by a third party/cold storage service provider/encrypted by users with a majority voting system.
Krypton wants a transaction, will confirm with krypton server and trader 2fa(sms/email). (has to compromise boths server and trader wallet to hack funds)
Trader wants a transaction will confirm with their 2fa and krypton server. (2 systems to be compromised)
If Krypton Server is compromised, isolated storage and trader will not co-operate. they will move funds to a new location with two keys. (2 systems can cooperate)
Topic: P2P loans for Margin Trading, Fly or Die? (Read 543 times)
Looks powerful and innovative. Can you please explain more about how you are using multisig to achieve this?
Working on Kryptonwallet.com
P2P loans for Margin Trading. Lend from Bitstamp, CampBx, Mt Gox, Kraken.
How it works:
Trader opens a leverage trade for 2X or 4X their deposit with krypton wallet.
Lender executes a buy and sell order for trader on bitstamp, campbx, etc. Funds never leave lender account.
Profits on buying btc will be withdrawn at intervals to avoid fraud of lender.
Losses on buying btc will be covered by trader deposit with Kryptonwallet.
Functionally similar to bitfinex, but we dont hold any of user cash deposits, making it risk free in case of regulations from the bank accounts that such a service will hold in china and other places.
Your bitstamp, campbx, mtgox, kraken accounts will serve as lending wallets.
Trader will execute orders on Kryptonwallet with their btc deposits with us.
Will enable Multisig wallets to avoid fraud from Kryptonwallet.
Lender gets daily interest of 0.1-0.3%
Trader gets upto 10X leverage, 2X-5X is recommended.
Fees: transaction fees as on bitstamp, campbx, mtgox, kraken applies for buying and selling.
No transaction fee on Krypton.
Advantages:
Adequate loans,
Lower interest rates and Insurance
Trailing stop orders
Pooled lending and borrowing
and anything you suggest or forbid us to do
development: beta stage. One more week to start beta testing.
P2P loans for Margin Trading. Lend from Bitstamp, CampBx, Mt Gox, Kraken.
How it works:
Trader opens a leverage trade for 2X or 4X their deposit with krypton wallet.
Lender executes a buy and sell order for trader on bitstamp, campbx, etc. Funds never leave lender account.
Profits on buying btc will be withdrawn at intervals to avoid fraud of lender.
Losses on buying btc will be covered by trader deposit with Kryptonwallet.
Functionally similar to bitfinex, but we dont hold any of user cash deposits, making it risk free in case of regulations from the bank accounts that such a service will hold in china and other places.
Your bitstamp, campbx, mtgox, kraken accounts will serve as lending wallets.
Trader will execute orders on Kryptonwallet with their btc deposits with us.
Will enable Multisig wallets to avoid fraud from Kryptonwallet.
Lender gets daily interest of 0.1-0.3%
Trader gets upto 10X leverage, 2X-5X is recommended.
Fees: transaction fees as on bitstamp, campbx, mtgox, kraken applies for buying and selling.
No transaction fee on Krypton.
Advantages:
Adequate loans,
Lower interest rates and Insurance
Trailing stop orders
Pooled lending and borrowing
and anything you suggest or forbid us to do
development: beta stage. One more week to start beta testing.
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