The concept of the exchange funds (reserves) management

in #bitcoin5 years ago

Fixed assets are stored on offline cold wallets, access to which is provided only through smart contracts for proxies listed by the manager and financial unit.
A transfer from a cold wallet to a hot one occurs upon request from the user and automatically transfers the amount such that the total amount of funds on the hot wallet does not exceed the average daily turnover of the wallet in this currency.

From a certain amount of transfer from a cold wallet to a hot one (limits), the transfer must be confirmed by 3 employees listed in the smart contract as owners.

If the funds on the wallet exceed the amount of 2 average daily turnover of the purses in this currency, the amount exceeding the average daily withdrawal is transferred to the cold wallet.

Before carrying out an Input/Output transaction, an automatic check is carried out of persons initiating an In put / Out put transaction, and from a certain amount of the transaction such check is additionally carried out by the operator.

No other access to the containers and the cluster of cold wallets is impossible and is closed at the hardware level.

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