The Launch of Smart Contract Multi-signature Mechanism by Newdex.
Newdex’s realization of smart contract multi-signature is a major upgrade in terms of security.
With multiple BPs, Newdex has officially launched the smart contract multi-signature mechanism.
Multi-signature mechanism has now been supported by 11 nodes across the network, including BPs, security companies and well-known wallets; eosnationftw, atticlabeosb, eosinfstones, blockpooleos, eoscannonchn, eosiomeetone, eosrapidprod, whaleex.com, zbeosbp11111, slowmistiobp, Tokenpocket (in no particular order).
The multi-signature of Newdex smart contract adopts the “1+3” mechanism. In the future, smart contract modification and fund transfer will require at least three other nodes in addition to Newdex.
It can rule out the possibility of the Newdex’s misappropriation of smart contract funds, which is more conducive to ensuring the safety of users’ assets and improving users’ trust.
Defibox is a professional one-stop DeFi application platform on EOS. It is initiated and managed by the Defibox Foundation, and got funding and support from Newdex. The project was launched on July 21, 2020, which is committed to becoming the DeFi application platform widely used by EOS users.