he features are quite good. I will have to see the future.
- The centralized part of the exchange offers highly secure custody services with cold storage and cryptographic proof of reserve.
- Cryptocurrencies are held in cold storage (offline) for at least 98% of reserves.
- A cold wallet access requires multiple signatures.
- A cold wallet private key is split and held in a number of different vaults in multiple locations.
- Other in-house security processes and technological features.
- Internal procedures protect the exchange from social engineering attacks. Periodic technical audits and timestamped logs allow detection of any tampering attempts in the accounting database.
- Periodic financial audits verify that the inventory of coins (assets side) matches the records of liabilities with cryptographic proof. If the exchange’s customer balances are checked against a blockchain inventory of coins (utxos in Bitcoin language) every block interval, there is little or no room for a rogue intruder to alter database records with profit.
- Decentralized settlement relies on fair-exchange protocols allowing atomic swaps of cryptocurrencies to eliminate the counter-party risk inherent to a custodial exchange.