ripplerm Posted February 13, 2017 Share Posted February 13, 2017 I had been thinking about having decentralized gateways on RCL that's co-managed by several reputable custodians/validators from different background and geographical area, whom has very least possibility to collude with each other. The operation can be achieved by using multi-signature features of RCL. The issuing account and hot-wallets of the Gateways are made of M-of-N multi-sig accounts, where the custodians are the signers. Thus the processes of currency-issuing and deposit/withdrawal can only be done with enough signatures from majority of the signers. Multi-signature is supported by most crypto-currencies today. With proper set-up and selection of delegates, it could make RCL a trusted 'side-chain' or as decentralized exchanges for many cryptos out there. Chan_Maddanna, MundoXRP, Roborovskii and 5 others 8 Link to comment Share on other sites More sharing options...
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