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Bitcoin : DAEX Wallet

Bitcoin : DAEX Wallet


Cryptocurrency wallet that supports multiple signatures and multiple digital assets. It accesses exchanges to trade cryptocurrencies and the clearing chain to manage its assets.

https://i.redd.it/ooxebx5epdl11.png

The DAEX wallet is a client system of the clearing chain. It is an unmanaged and distributed wallet that supports multiple types of cryptocurrencies. It has the

following characteristics:

• The private key can be restored: A private key can be restored if a user loses his part of the private key

• Multiple-part private key: Uses three parts private key. Needs any two parts to

• Complete autonomy: User has full autonomy over digital assets in his own wallet

These three parts are kept at different places to provide a safe and recoverable mechanism for private key management

• Backup part: It does not participate in any transaction. It is only used for recovery purpose

• User part: It is not stored in a readable format, and cannot be copied or exported. It is usually kept in a cold wallet state. It only finishes level one signature when the user moves assets in the wallet. Stored on a user’s mobile client.

• Wallet part:It supports level two signature on top of the user’s level one signature. It is stored in hot wallet mode on DAEX servers in the internal network separated by DMZ zone.

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Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: chauphamm

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