Quote from: examplens on April 07, 2023, 06:45:40 PM

Quote from: yhiaali3 on April 06, 2023, 06:19:10 PM

Quote from: Tsp_exchange on April 06, 2023, 06:08:14 AM

What do you think users will choose TEXs/CEXs/DEXs, what's the reason?

Frankly, I don't know what TEXs are or how they work?

no one knows what that means, because it was invented by the OP and the team behind his tsp.exchange

Quote from: Tsp_exchange on April 07, 2023, 08:10:34 AM

Not add any friends to recover your private key, similar to current decentralized wallets. You must securely store your private key, as no one can help you recover it if lost.
Use account recovery (ERC-4337) by selecting trusted contacts during account creation, who participate in the recovery process when needed. This enhances asset security while avoiding risks associated with centralized storage of private keys in traditional centralized exchanges.
Both options provide transparent and secure asset management.

This confuses me a little, whether we include a third person/friends/contact whatever in the entire process of private key protection or not? how bad is this solution, now I should worry about the health of a chosen "trusted contact" because my access to my money may depend on him.
it is still not clear to me why you called this method transparent and what exactly is transparent compared to other centralized or decentralized.

in the articles you shared, I still don't see the revolutionary way of working explained. "Simplified login and registration" and? How trading is done, and where the funds are stored?
can you simply explain what exactly the difference and advantage of your TEX compared to existing solutions?

you are promising no KYC. how you will comply with EU regulations (for example) where KYC is required?

note: OP, when you reply to someone, you don't need to open a separate post for each reply, put everything in one post.

Regarding your concern about the ERC-4337 social recovery method and the trustworthiness of friends you choose as "guardians," I'd like to point out that this method is currently a popular and secure way to recover private keys in the cryptocurrency space. To better understand how to select "guardians" for your multi-signature and social recovery wallets, I recommend reading Vitalik Buterin's latest article: "How to Choose Guardians for Multisig and Social Recovery Wallets?"

The ERC-4337 social recovery method is just one aspect of security within the concept of "Transparent Exchanges" (TEX). To learn more about TEX, please refer to the "What is TEX?" section of the article. In short, TEX provides a user experience similar to centralized exchanges while maintaining the transparency and security of decentralized exchanges in terms of fund storage, transaction data, private key safety, and KYC verification.

To address your questions about how trading is done and where the funds are stored, as well as KYC concerns, both trading and fund storage in TEX are conducted in a decentralized manner, similar to decentralized exchanges. Funds from liquidity providers are stored in smart contracts, while traders' funds are held in their own wallets. Just like decentralized exchanges, TEX does not require KYC verification.