Quote from: join2 on July 05, 2018, 06:32:26 PM

What is the purpose of your project and what are the benefits of your project?

Thank you for your reply, The purpose of the project is to create a centralized exchange that does not keep or handle the users cryptocurrencies. A centralized exchange uses a hot wallet and a cold wallet. The hot wallet keeps only 10% of total funds for trading purposes and moves the other 90% to a cold wallet (air-gap). Hackers target centralized exchanges because of their hot wallets. Bitsive wants to use the zero-day protocol to mitigate the hacks. Users cryptocurrencies are not stored on the exchange, hense we do not have a hot or cold wallet. Unlike a decentralized exchange, the zero-day protocol allows for users to trade multiple times, allows various order types, order management, deposit and withdraw which is all done using a smart contract, time lock algorithm, a contra protocol and a federation server.

The benefits of this project is that you will have a decentralized exchange ( funds not on exchange) and a centralized exchange ( versatile functionality) all in one as a hybrid exchange. Many users have lost funds due to exchange hacks. If we want cryptocurrency adoption to go main stream we need a secure platform that does compromise security for features or features for security.