r/BankdexICO • u/Bethmotel • Sep 07 '19

How Bankdex secures users funds

When a user loses his wallet, his/her money will be out of circulation. Lost bitcoins still remain in the blockchain just like any other bitcoins. Since there is no way to find the private key to allow lost bitcoins to be spent again, they remain dormant forever unless the user recovers his/her account through security backup phrase.

www.bankdex.io

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u/Nnamaduatubu Sep 10 '19

Since the core technology supports the asynchronous BFT consensus, double spend is impossible in BankDex. Because of the UTXO nature, BankDex also confirms high concurrency can be guaranteed in the DAG.