in

Fireblocks launches trading system to mitigate centralized exchange risk

In a conversation with Cointelegraph, Fireblocks co-founder and CEO Michael Shaulov explained how Off Exchange works. He said it allows trading firms to deposit assets to a “shared” or “interlocked” MPC wallet, whose private key comprises three shards. The first shard is held by the trading firm, the second by the exchange, and the third is “triggered by an oracle.” For a transaction in this wallet to be confirmed, two out of three shards must be used to sign the transaction. This means that neither the trader nor the exchange can unilaterally withdraw assets.

Continue Reading on Cointelegraph


Source: Cryptocurrency - investing.com

Binance.US faces SEC scrutiny over asset control methods

Disney CEO Bob Iger tells employees he wants to start building again during town hall