This is interesting news but as far as I know, all exchanges have a common wallet were all of the users coin is kept. For example there is one adress where all of the BTC is kept and the users have private keys granted by the exchange.
What happens if the exchange adress is hacked? How is reliance diffrent compared with the rest when it comes to this?
Topic: Reliance coin: MN + POS with a great future potential (Read 93 times)
Reliance lets users trade cryptocurrencies on a secure trusted high performance Decentralised Exchange (DEX) to be built on EOS.IO technology with a goal of processing tens of thousands of transactions per seconds, with minimal fees and confirmation times.
Trading will be as fast as on a centralised exchange without being subject to thefts, manipulation, hacking incidents or government intervention. This is because all funds, including deposits, withdrawals and order books are store on the transparent blockchain. Each user holds their own private keys and Reliance will have no access to any users funds on the Exchange.
Reliance will start with Bitcoin and EOS Pairing and look to include more in the near future including fiat based tokens
Please check their website:
http://reliance.one/
Trading will be as fast as on a centralised exchange without being subject to thefts, manipulation, hacking incidents or government intervention. This is because all funds, including deposits, withdrawals and order books are store on the transparent blockchain. Each user holds their own private keys and Reliance will have no access to any users funds on the Exchange.
Reliance will start with Bitcoin and EOS Pairing and look to include more in the near future including fiat based tokens
Please check their website:
http://reliance.one/
Jump to: