Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEM] Semux - Official Thread
by
hashcoinusa
on 11/02/2018, 01:02:21 UTC
For everyone asking when Semux will be listed, the dev is already working on that and is currently contacting multiple exchange. They are just waiting for reply from these exchange sites. Also, there are still codes needed for semux to be easier to add to exchange and the dev team are currently working on these.

The team is currently focused on the following codes to help semux in the long run:

- Multisig
- DDoS Resistance
- Wallet optimization for Large Number of Accounts,
- Validators slashing protocol


  Exchange integration was major problems with coins and that was one of the cause of dumps.  Dev is proactively working on that is excellent news.

Also can dev address the question about if Exchange is hacked, how they can address the question about those who are holding Semux at exchange? Is their way to stop transaction on hacked coins?


The only way to avoid loosing your coins when an exchange gets hacked is to not keep your coins on an exchange.
Deposit -> exchange -> withdraw. Quick.

Blockchain is not a bank, exchange is not a bank. You are responsible for making sure your funds are safe - don't keep it on exchange, backup private keys, keep them safe.




Blockchain is not a long term storage space. That is know fact. But the recent hacks to exchange hot wallet caused  coins owners to loose big time even coins were in their own wallet.  We have to look at bigger picture. What dev can do that will help to isolate stolen coins from the available coins. Can stolen coins can be locked?