Question, I know that there are coin on the heat exchange which are handled by third parties (Not trusted). Will you guys be implementing some type of feature to make trusting these third parties easier?
We already have the certification mechanism, which currently has very strict criteria of including company controlled assets only.
The certification mechanism however allows many levels of certification, 3rd party certification etc. so anyone could by now have started his own certification service and use any criteria for validation he sees fit.
The company may pursue this route later on. Currently we can't touch this as any validation and monitoring 3rd parties is resource intensive and a diversion from the decentralized tech of HEAT that takes all our focus.
Actually, it might even see a higher user growth than exchange because each third party is incentivized to get people to use heat.
Good that you see the business logic, few do.
What happens when two third parties want to add the same coin to the heat exchange?
Names stored in the blockchain and shown by the Heatwallet user interface are unique, first come first served. Make your own UI and you can switch any asset name to anything you like
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