Quote from: NewbCoins on August 08, 2017, 08:05:47 PM

from white paper

Warm wallet:
Warm wallets are stored on a totally separate server that has all the security measures to be
protected: all communication ports except for the blockchain synchronization ones are
blocked, no user has access to the server directly, the wallet's password is encrypted, etc.

Cold wallet:
Cold wallets are stored on air-gapped PCs in the COSS office in Singapore. These computers
have no internet connection, and the transactions from the cold wallets are processed
manually by our financial managers.
The majority of funds is stored in the cold wallets.

can COSS explain please? its not decentralize.

Yes. Certain components of COSS are centralized because this is what the technology provides right now. As you know, decentralized exchanges have big difficulties operating large volumes at high speed, and they cannot trade with FIAT money as we intend.

The presentation of the wallet system is to present our users that we are taking into consideration all mechanisms to protect their funds.

All funds stored in COSS are fully auditable and we can provide an irrefutable evidence that we don't spend any of these funds.