Post
Topic
Board Announcements (Altcoins)
Re: [ANN]★CryptoBridge★BCO★Decentralized EXchange RELEASED NOW BETA
by
htao
on 21/04/2018, 23:36:02 UTC
So, my question is:
How can I see the private key of a single coin address where I have funds in CryptoBridge?
I think i read from somewhere that u hold the private keys only on the desktop version? Im not sure, havent download myself yet.


Id be interested to read more about the token dividends if somebody has more stats and insight on that?

I do have the desktop version, not found there neither ...

Anyone?

Your password is your private key that is assigned to your public key on the Bitshares blockchain. The individual addresses assigned to your account are part of the Bitshares gateway that you are using. By having your password, you also have the private key to all of the addresses assigned to you by the gateway.

That is not the case. I understand that (in theory) the individual coins private keys are encoded (or created from) with my password, but I, as end user, have no way to decode them.
If something goes wrong with CryptoBridge for whatever reason, my coins are lost because I don't have the private keys, nor a way to re create them.

Can anyone show me how to re create an individual coin private key from my CryptoBridge keys/password?

If you had that control of the individual private keys for each coin, exchange wouldn't work, you could dump some particular coin and then just transfer the coins from the address to some other address under your control.

Tha's a satisfactory answer. Thank you very much for that.

So, in the hypothetical case of "something goes wrong with the exchange", there is no difference from a centralized exchange, coins are gone/lost for the end user.
The advantages of CryptoBridge would be in no limits and no user identification (that's still a good thing), but not in the coins ownership because the user has no access to the individual private keys.
Is that right?