How will users’ funds be stored on the Roobee platform?
Today, in this publication, we will tell you more about how a safe storage of users’ funds on the Roobee platform will be implemented.
There are several options for convenient and safe work with the platform and RoobeeNetwork 👇
- Using a decentralized wallet to store funds and digitized assets — RoobeeWallet.
- Using a storage based on the Bitgo partner solution.
Before we talk more about the two options, let’s recap what RoobeeNetwork and RoobeeID are 📝
- RoobeeNetwork is a system consisting of the exclusive RoobeeChain blockchain based on HyperLedger and the Ethereum public Blockchain. It effectively protects users’ funds, provides transparent reporting on transaction movements, and allows for issuing digital assets.
- RoobeeID is a bundle of user keys containing public and private keys, as well as the digital ID that the user receives when registering on the platform. For users, this means that their data is stored securely and decentralized, while the digital ID serves as an identifier for investment products and platform activities. RoobeeID is needed to provide secure access to Roobee and RoobeeNetwork.
Returning to the topic of publication, first of all let’s talk about RoobeeWallet.
RoobeeWallet will be compatible with cryptocurrencies such as BTC, ETH, USDT and many others 🙌
Also, on the basis of the wallet, the possibility of a decentralized and safe exchange using APIs of large exchanges will be implemented.
The utilising of RoobeeWallet in combination with RoobeeID will allow for a decentralized storage of funds, since the keys will be on the user’s side 💪
It is important to note that the beta releases of RoobeeWallet and the platform’s own blockchain — RoobeeChain, are scheduled for the first quarter of 2020.
The second option for storing users’ funds will be a storage based on the partner solution — BitGo.
BitGo is the world’s largest Bitcoin processing company. For example, the company works with Pantera Capital, one of the most famous crypto-funds, as well as with CME Group Inc., Kraken, Genesis, SBI, Ripple and many others 👍
Thanks to these solutions, users can be sure that their funds will be safe 👌
