This happens because they are the main access point for trading and often
handle user funds or keep funds in reserve.
Not exact matches
Bill, I am curious how you
handle any fluctuations in Bitcoin price if a
user «parks»
funds in their wallet for some time.
Unlike a centralized exchange system that
handles the trading of cryptocurrencies for its
users, decentralized exchanges allow
users to control their own
funds within their own wallets.
The volume of the malformed transactions forced the targeted exchanges to spend most of their time recalculating
fund balances to match the official Bitcoin blockchain, and while the integrity of the official ledger wasn't compromised, the sites were forced to cease processing withdrawal requests until they could get a
handle on things, which left many
users fuming.
If this is concerning,
users should withdraw
funds before any given fork and
handle the split on their own.
The criticism made by a few members circulates around the point that the protocol is yet not robust enough to
handle multiple
users at a time and also has some loopholes which can cause them to lose
funds.
Bitcoin is a peer - to - peer protocol, where all
users within the network work and communicate directly with each other, instead of having their
funds handled by a middleman, such as a bank or credit card company.
Bitwise intends for HOLD 10 to be a passive
fund for its
users, allowing them to simply invest in the
fund and let it
handle the rest.