WhaleEx

WhaleEx is world's first exchange to implement multisignature smart contract for decentralized asset custody

Dario Cesaro avatar
Written by Dario Cesaro
Updated over a week ago

It is crucial to exercise caution when engaging with the services offered by this project. EOS Support does not assume responsibility for any potential problems, damages, or losses that may occur as a result of utilizing the services provided by this project.

WhaleEx is the world's first exchange to implement a multi-signature smart contract for decentralized asset custody. Any changes made to the smart contract and assets require approvals from WhaleEx, SlowMist and EOS block producer.

WhaleEx smart contract is audited by SlowMist. Partnering with 8 block producers on multisig mechanism, WhaleEx client assets will still be safe even if private keys are compromised. WhaleEx smart contract is enhanced with multisig mechanism. WhaleEx is for the community, by the community. Every transaction is signed by the user's private key and searchable on-chain. These records cannot be manipulated or falsified.

Even if WhaleEx is physically obliterated, such as an alien invasion where the staff and servers are wiped out, WhaleEx clients can still execute a command on EOS mainnet to receive all their assets in 10 days.

WhaleEx exchange is accessible here.


Author: Peter Valenčič

Editor: Markus Hinrichs

Translation: -

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