NHZ has "business for profit" opportunities for server operators who wish to run gateway servers to provide access to the NHZ network for other crypto currencies.
The gateway feature to the NHZ platform is a holding account that allows coins such as Bitcoin, Litecoin, etc. to be imported and exchanged on the NHZ blockchain. In fact, this feature is functional for most coins based on Bitcoin, with more coins soon to come.
This is a non-technical description of how it works:
A Bitcoin user lists his Bitcoin address and his NHZ address with the gateway. Once he has given this information, he can send Bitcoins from his Bitcoin wallet to the gateway. The gatway holds his Bitcoins and sends Bitcoin Asset to his NHZ wallet. These Bitcoin Assets can then be exchanged on the NHZ network through the decentralized Asset Exchange, or by transactions between NHZ users (payments, tipping etc.).The user can feel confident in trading in these Bitcoin assets because they are backed by real Bitcoins in the gateway. When he so decides he wants to have his Bitcoins in his Bitcoin wallet, he sends the Bitcoin Assets to the gateway, and the gateway releases his Bitcoins back to his Bitcoin wallet. So in a nutshell the gateway is a storage wallet. (see diagram).
The gateway operator charges fees for these transactions.
As a security measure NHZ gateways offer a multi-party system of accountability . Gateway operators can set up gateways as multi-signature (multi-sig) accounts. This security feature requires a minimum of two parties to approve access to the account. This means no one person can access the account without the others knowledge and approval.
To run a gateway you need 2 servers (one for web, the other(s) for the wallets). For additional security and further decentralization you can set it up with multisig wallets.
For more information, please use the link below to visit the NHZ forum, and contact an administrator.
http://forum.nhzcrypto.org/index.php/topic,210.0.html
