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I don't know much about the whole BTC protocol, but why aren't there any exchanges where funds are kept in the individual account holders wallets and the exchan
by troels 13y ago
I don't know much about the whole BTC protocol, but why aren't there any exchanges where funds are kept in the individual account holders wallets and the exchange only touches the money in a split second while transferring the funds? Or if this is already possible on some exchanges, why doesn't it happen more?
- josephagoss 13y agoIf the exchange can automatically move money from an address, the hackers can get to those keys if they gain the same type of access that they are gaining in these hacks. The only way would be to use multisig, and have a trusted third party allow the coins to be moved if it was not suspicious.