Post
Topic
Board Service Discussion
Re: every exchange will be hacked?
by
monsterer
on 29/03/2014, 11:32:54 UTC
There's a possible solution to this: pull all the funds off-line and ask customers to digitally sign all the actions (buy orders, sell orders, and order cancellations, etc.), and perform manual withdrawal.

Having everything on chain? Yes, this is indeed a solution of a kind, but it poses problems:

* Atomicity of trades (you can no longer rely on your database to help you here)
* High per-trade fees (standard coin transaction fees)
* Bloated blockchains

Cheers, Paul.