BitShares Forum

Main => General Discussion => Topic started by: bitcoinerS on July 25, 2014, 02:36:35 am

Title: BTSX deposits at exchanges
Post by: bitcoinerS on July 25, 2014, 02:36:35 am
Currently bter.com implements BTSX deposits by asking all clients to send funds to one account btercom, and to put a custom memo message. This approach leads to errors and forgotten/mistaken memo messages. A better approach could possibly be for exchange to register unique Bitshares X account name for each user in the format <customerid>.btercom
This approach would let each customer have a personal deposit address and eliminate need for memos and would reduce errors. However this approach introduces need for exchange to manage hundreds or thousands of accounts and I am not sure Bitshares X client is ready for this. Also, funds deposited to customerid.btercom would likely need to be auto forwarded to a collection address like btercom.
Would like to hear your thoughts on this.
Title: Re: BTSX deposits at exchanges
Post by: vikram on July 25, 2014, 08:19:21 pm
Not feasible with TITAN at the moment because every transaction has to be scanned with every account key and so many account would make scanning too slow.