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At BitMEX we do 100% offline multi-sig. Unfortunately, that also means any form of live proof-of-reserves is quite difficult to do, as the keys are offline. Ea
by STRML 9y ago
At BitMEX we do 100% offline multi-sig. Unfortunately, that also means any form of live proof-of-reserves is quite difficult to do, as the keys are offline.
Early in our history, we thought once-a-day withdrawal would be a problem customers would be quite vocal about. Instead, we found many of them appreciate what it means - that the keys aren't hooked up to a hackable webserver, but are actually protected. Accessing funds should be difficult and should require human interaction.
- jameskegel 9y agoPardon me for sounding ignorant, but how does this process work out procedurally each day?