- Mar 16, 2016
- 42
- 20
Recently the hack of BFX remind us how easily the exchange been affected by hackers. We should create a new address type for the security of exchange/wallet service which carry out deposit or custody responsibility for users. These address's transaction should have kind of feature that any transaction with UTXO on it, can be reversed in a given time, like 24 hours, or 144 block.
All the exchanges will save the funds in these type of address.
So that if an exchange get hacked, they will be able to reverse these transactions.
The problem is how not to let ordinary wallet users being scammed by a potential attack. Someone may send fund using this type of address and asking for delivering of goods/fiat money and then reverse the transactions.
All the exchanges will save the funds in these type of address.
So that if an exchange get hacked, they will be able to reverse these transactions.
The problem is how not to let ordinary wallet users being scammed by a potential attack. Someone may send fund using this type of address and asking for delivering of goods/fiat money and then reverse the transactions.